Galaxy has added $100 million of Sky Protocol’s yield-bearing stablecoin sUSDS to its corporate treasury. The firm also approved the token as eligible collateral for institutional clients borrowing through its trading operation, which carries an average loan book of approximately $1.4 billion and serves over 1,600 counterparties. Galaxy additionally acquired an undisclosed amount of SKY tokens. Grove, part of the Sky ecosystem, already provides Galaxy with a $500 million warehouse facility for financing institutional loans backed by digital assets. This allocation means Sky is no longer simply providing external lending capacity to Galaxy; one of its yield-bearing assets now sits directly on Galaxy’s balance sheet and within its institutional credit operation.
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