Excited to deepen @galaxyhq's relationship with Sky Protocol. A few things this partnership unlocks for our clients:
- Expanded warehouse credit from Sky, giving our institutional platform more room to grow.
- New tri-party borrowing structure tied to Galaxy's Onchain Financing Rate with exposure to more diversified funding and efficient financing for our clients.
- Continued build-out of the onchain financing infrastructure our 1,600+ trading counterparties rely on.
@SkyEcosystem has been a trusted partner as we've scaled our onchain lending business. Glad to be building the next chapter of that relationship together.
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Even through record June ETF outflows, institutions leaned into onchain credit. Standard Chartered initiated coverage on Aave & Morpho, DeFi lending TVL held ~$39.9Bn, and tokenized RWAs hit a record $30.1Bn. The collateral base is deepening.
Our July update:
Cc: @kenzieyangxz @galaxyhq
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Excited to see the first $47.5M deployed into the Grove x Galaxy warehouse facility.
@galaxyhq @grovedotfinance
Talking GOFR on Capitol Hill. Appreciated the opportunity to discuss the future of digital asset markets with policymakers and industry leaders.
@galaxyhq @injective
