According to ChainCatcher, Nasdaq-listed Galaxy Digital announced that it has completed the issuance of its first tokenized collateralized loan obligation (CLO) on the Avalanche blockchain, "Galaxy CLO 2025-1," with a total size of $75 million. The funds will be used to support Galaxy's loan business, including financing for an uncommitted credit facility provided by Arch Lending. Galaxy's lending team and digital infrastructure team were responsible for the structuring and tokenization of this collateralized loan obligation (CLO), while Galaxy Asset Management was responsible for the issuance and management of the tokenized CLO.
Galaxy Digital Issues $75M Tokenized Secured Loan Notes on Avalanche
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Summary
Galaxy Digital, a company listed on Nasdaq, issued $75 million in tokenized secured loan notes, "Galaxy CLO 2025-1," on the Avalanche blockchain. This on-chain development marks the company's first tokenized secured loan offering. The funds will support Galaxy's lending business, including an uncommitted credit facility from Arch Lending. Galaxy's teams structured and tokenized the CLO, while Galaxy Asset Management oversaw the issuance. This digital asset news highlights the firm's expansion into blockchain-based financial products.
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