Sky Protocol Partners with Galaxy Digital to Expand Onchain Lending and Capital Markets
Sky Protocol has announced a strategic partnership with Galaxy Digital (Nasdaq: GLXY), marking the first time sUSDS, Sky's savings token, is added to a public company’s balance sheet. As part of this collaboration, Galaxy will incorporate $100 million in sUSDS into its corporate treasury and use it as eligible collateral for institutional trading activities with an average loan book of $1.4 billion. This partnership also expands onchain credit availability through Galaxy's platform serving over 1,600 counterparties. The collaboration deepens existing relationships between Galaxy and Sky Protocol’s ecosystem partners like Grove and Spark, which provide warehouse lending facilities totaling up to $500 million for institutional loans secured by digital assets. This move enhances efficiency in onchain yield access for Galaxy's clients while reinforcing trust through a regulated counterparty with established credibility. Sky Protocol has seen significant growth, reaching $5.52 billion in sUSDS supply at the end of Q2 2026 and posting five consecutive profitable quarters, including gross revenue of $107.35 million.
Tickers: $GLXY
Topics: blockchain collateral institutional finance treasury management