Sky Protocol, Galaxy Digital Collaborate Over Lending, Capital Markets

Sky Protocol and Galaxy Digital have announced a collaboration focused on lending and capital markets, enhancing Galaxy's use of Sky Protocol's savings token. Galaxy has incorporated $100 million of sUSDS, the native savings token, into its corporate treasury and approved it as collateral for its institutional trading business, which has an average loan book of $1.4 billion. This partnership aims to expand onchain credit for Galaxy's platform, which serves over 1,600 trading counterparties.