According to the Avalanche blog, Galaxy has completed its first tokenized collateralized loan obligation (CLO) issuance — Galaxy CLO 2025-1 — and secured $50 million in commitments from Grove. The debt portion of this CLO was issued and tokenized on the Avalanche blockchain, reducing transaction costs and enabling smoother operations. The tokens are listed on the INX platform, providing qualified investors with market access. By executing on-chain, this structure brings private credit onto the blockchain, potentially enabling instant settlement, full transparency, improved secondary market liquidity, and higher collateral efficiency.
Galaxy Launches Tokenized CLO on Avalanche with $50M Funding from Grove
TechFlowShare
Summary
Galaxy has launched Galaxy CLO 2025-1 on Avalanche, marking a major on-chain milestone in tokenized finance. The project secured $50 million in funding from Grove, with the debt component tokenized on the Avalanche blockchain. The tokens are now listed on INX for qualified investors. The on-chain structure aims to bring private credit to the blockchain, enabling instant settlement, transparency, and improved collateral efficiency.
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