🔥🔥 HOT : Galaxy Digital Puts $100M of sUSDS Into Corporate Treasury — The Latest Sign Institutions Are Adopting Crypto
Galaxy Digital has allocated $100 million of Sky Protocol's sUSDS yield-bearing token to its corporate treasury, funded entirely from its own balance sheet, and approved it as eligible collateral across its institutional trading business. $BREW $PHA
Key points:
· Self-funded: The $100M came from Galaxy's own capital — roughly 4% of its ~$2.5B cash and stablecoin holdings as of June 30.
· Collateral utility: sUSDS now qualifies as collateral for Galaxy's institutional lending desk, which has a $1.4B average loan book and 1,600+ counterparties.
· Yield while borrowed: Clients posting sUSDS keep earning the Sky Savings Rate even while it's pledged as collateral.
· Deeper ties: Galaxy also bought an undisclosed amount of SKY tokens and is discussing expanding a $500M warehouse facility with Grove.
The bigger picture: Galaxy is one of the first publicly traded companies to hold sUSDS directly on its balance sheet. Combined with the token's growing role as institutional collateral, it's another clear signal that institutions are adopting crypto — not just as a speculative asset, but as treasury reserves and lending infrastructure.
Galaxy Digital has allocated $100 million of Sky Protocol's sUSDS yield-bearing token to its corporate treasury, funded entirely from its own balance sheet, and approved it as eligible collateral across its institutional trading business. $BREW $PHA
Key points:
· Self-funded: The $100M came from Galaxy's own capital — roughly 4% of its ~$2.5B cash and stablecoin holdings as of June 30.
· Collateral utility: sUSDS now qualifies as collateral for Galaxy's institutional lending desk, which has a $1.4B average loan book and 1,600+ counterparties.
· Yield while borrowed: Clients posting sUSDS keep earning the Sky Savings Rate even while it's pledged as collateral.
· Deeper ties: Galaxy also bought an undisclosed amount of SKY tokens and is discussing expanding a $500M warehouse facility with Grove.
The bigger picture: Galaxy is one of the first publicly traded companies to hold sUSDS directly on its balance sheet. Combined with the token's growing role as institutional collateral, it's another clear signal that institutions are adopting crypto — not just as a speculative asset, but as treasury reserves and lending infrastructure.
