Galaxy Digital has completed its first tokenized collateralized loan obligation (CLO) on the Avalanche blockchain — the issuance of Galaxy CLO 2025-1. The transaction includes approximately $50 million in anchored funds from Grove, a credit protocol within the Sky ecosystem. The CLO will provide credit financing to Arch Lending, which has currently raised about $75 million and is expected to expand to $200 million. This move aims to bring institutional private credit on-chain, offering benefits such as instant settlement and increased transparency.
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Galaxy Digital has completed its first tokenized collateralized loan obligation (CLO) on the Avalanche blockchain — the issuance of Galaxy CLO 2025-1. The transaction includes approximately $50 million in anchored funds from Grove, a credit protocol within the Sky ecosystem. The CLO will provide credit financing to Arch Lending, which has currently raised about $75 million and is expected to expand to $200 million. This move aims to bring institutional private credit on-chain, offering benefits such as instant settlement and increased transparency.