Hardik Shah
2026.07.15 13:01

๐Ÿ“ข ๐‰๐”๐’๐“ ๐ˆ๐: Grove Launches $500 Million Crypto-Backed Lending Facility With $Galaxy Digital(GLXY.US) Galaxy Digital

๐Ÿ‘‰ ๐Š๐ž๐ฒ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:

โžค ๐†๐ซ๐จ๐ฏ๐ž establishes a ๐’๐Ÿ“๐ŸŽ๐ŸŽ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง warehouse lending facility with ๐†๐š๐ฅ๐š๐ฑ๐ฒ.

โžค Grove will finance Galaxy's ๐ข๐ง๐ฌ๐ญ๐ข๐ญ๐ฎ๐ญ๐ข๐จ๐ง๐š๐ฅ crypto-backed loan originations.

โžค Eligible collateral includes ๐๐“๐‚ and ๐„๐“๐‡, including staked ETH.

โžค ๐€๐ง๐œ๐ก๐จ๐ซ๐š๐ ๐ž ๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ and ๐๐ข๐ญ๐†๐จ will serve as qualified custodians.

โžค Loans are ๐ฌ๐ž๐ง๐ข๐จ๐ซ ๐ฌ๐ž๐œ๐ฎ๐ซ๐ž๐ with original terms of two years or less.

โžค ๐„๐“๐‡-backed loans are capped at ๐Ÿ“๐ŸŽ% of the facility.

โžค Loan-to-value ratios will be monitored continuously using ๐‚๐ก๐ซ๐จ๐ง๐ข๐œ๐ฅ๐ž price feeds.

โžค Grove previously anchored Galaxy's ๐’๐Ÿ“๐ŸŽ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง tokenized CLO in December 2025.

โžค Facility provides Galaxy with committed funding to expand institutional lending.

โžค Sky Ecosystem gains ๐”๐’๐ƒ๐’-denominated private credit exposure through the facility.

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