Galaxy also acquired an unspecified amount of SKY tokens to deepen its ties with the Sky Protocol. The two entities are currently negotiating an expansion of an existing $500 million warehouse facility to further increase the utility of tokenized dollar products for institutional users.
Wednesday, October 21, 2026
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Galaxy Purchases $100M in Sky Stablecoins for Treasury and Loan Collateral
Crypto28 days ago
More than 1,600 institutional clients can now pledge sUSDS tokens to obtain financing through Galaxy's trading platform. The securities will be accepted as collateral within a lending arm that manages a $1.4 billion average loan book, allowing borrowers to maintain the 3.6% Sky Savings Rate on their assets. To support the integration, Galaxy used its balance sheet to purchase $100 million of the yield-bearing stablecoin for its corporate treasury.
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