ME News reports that on July 27 (UTC+8), K3 Capital provided a $30 million on-chain credit facility to Galaxy (Nasdaq: GLXY), denominated in AUSD stablecoin, via Accountable’s treasury infrastructure on Monad. The facility was initially fully subscribed at $30 million and will gradually expand as liquidity providers complete onboarding, with a target total fundraising size of $100 million. The status of fund deployment, interest accrual, and repayment can be independently verified on-chain. Each loan has a term of 90 days, is renewable, and allows for up to 30% of the principal to be redeemed monthly. Accountable stated that this marks the first time such an on-chain credit arrangement has been extended to a publicly traded company with full regulatory disclosure obligations; Galaxy’s total equity is approximately $2.8 billion, with cash and stablecoin holdings of approximately $2.6 billion (as of March 31, 2026). (Source: Foresight News)
K3 Capital Provides a $30M On-Chain Credit Line to Galaxy via Accountable
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Summary
On-chain news broke on July 27 (UTC+8) as K3 Capital extended a $30 million on-chain credit line to Galaxy (Nasdaq: GLXY) via Accountable on Monad. The AUSD-denominated loan is fully subscribed, with a $100 million target as liquidity providers continue to join. Terms include 90-day renewals and 30% monthly principal caps. All actions are chain-verified. This is the first on-chain credit line extended to a publicly traded company with full regulatory disclosures. Crypto news continues to underscore blockchain’s growing role in traditional finance.
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