Galaxy Digital (GLXY) announced the successful closing of Galaxy CLO 2025-1, a new-issue collateralized loan obligation tokenized on the Avalanche blockchain, the network powered by the avalanche token (AVAX-USD). The offering closed with an approximately $50M anchor allocation from Grove, an institutional credit infrastructure protocol within the Sky ecosystem. Galaxy stated the transaction will support its lending activities and is financing an uncommitted credit facility provided to Arch Lending. The company noted this represents its first issuance of this type.
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