According to a ChainCatcher report, Galaxy has completed the issuance of Galaxy CLO 2025-1, a newly issued collateralized loan obligation (CLO) and Galaxy's first CLO project, which will be used to support its lending business. The debt tranches of this CLO were issued and tokenized on the Avalanche blockchain, and the related tokens have been listed on the INX platform, opening trading to qualified investors. The initial issuance size of Galaxy's tokenized CLO is $75 million, with Grove providing a core allocation of $50 million. This allocation builds upon Grove's prior deployment of $250 million in tokenized real-world assets (RWA) on Avalanche.
Galaxy Launches Tokenized CLO on Avalanche with 50M USD Funding from Grove
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Summary
Galaxy has launched Galaxy CLO 2025-1 on Avalanche, marking its first tokenized collateralized loan obligation. The on-chain news reveals an initial issuance size of 75 million USD, backed by 50 million USD in core funding from Grove. Project funding news highlights Grove’s continued support, following its 250 million USD in tokenized real-world assets on the same chain. CLO tokens are now available for trading on INX for qualified investors.
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