Galaxy Digital Inc. (NASDAQ: $GLXY) is putting more capital behind institutional digital **** et lending, taking a strategic stake in Digital Prime Technologies as the market looks for more structured ways to borrow and lend crypto at scale.
The investment, announced Tuesday, builds on Galaxy's role as a launch participant on Tokenet, the institutional lending platform developed by Digital Prime Technologies in partnership with EquiLend. Tokenet went live in May and is designed to bring securities-lending style workflows, risk controls and lifecycle management into digital **** ets.
Financial terms were not disclosed, but Galaxy's role makes the investment more than a passive backing. The firm was already a launch participant on Tokenet, tying the deal directly to its lending and trading operations and giving the platform an early institutional user with market depth.
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The investment, announced Tuesday, builds on Galaxy's role as a launch participant on Tokenet, the institutional lending platform developed by Digital Prime Technologies in partnership with EquiLend. Tokenet went live in May and is designed to bring securities-lending style workflows, risk controls and lifecycle management into digital **** ets.
Financial terms were not disclosed, but Galaxy's role makes the investment more than a passive backing. The firm was already a launch participant on Tokenet, tying the deal directly to its lending and trading operations and giving the platform an early institutional user with market depth.
More From Cryptoprowl:
Ripple, The Company Behind XRP, Is Valued At $50 Billion
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