Galaxy Digital, Sky Protocol Partner in Lending, Capital Markets

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Galaxy Digital (GLXY) and Sky Protocol said Wednesday they are collaborating across lending and capital markets, deepening Galaxy's use of Sky Protocol's savings token.

As part of the partnership, Galaxy has added $100 million of sUSDS, the native savings token accessible through Sky Protocol, to its corporate treasury, the companies said.

Galaxy also approved sUSDS as eligible collateral across its institutional trading business, which carries a $1.4 billion average loan book, according to the statement.

Price: 27.07, Change: -0.10, Percent Change: -0.37

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