Galaxy launches tokenized CLO on Avalanche and secures $50 million allocation from Grove
BlockBeats News, January 15, Galaxy has completed the issuance of Galaxy CLO 2025-1, a newly issued Collateralized Loan Obligation (CLO) and Galaxy's first CLO project, which will be used to support its lending business. The debt tranches of this CLO were issued and tokenized on the Avalanche chain, and the related tokens have been listed on the INX platform, open for trading to qualified investors.
The initial issuance size of Galaxy's tokenized CLO is $75 million, with Grove providing a core allocation of $50 million. This allocation further advances Grove's previous deployment of $250 million in tokenized real-world assets (RWA) on Avalanche.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Endeavour Silver suspends Terronera mine operations after illegal blockade in Mexico
Kuraray releases transcript of Q2 FY2026 earnings Q&A session
"Even with money, it's unattainable"! Supply-demand imbalance intensifies, indium phosphide experiences the largest price surge in history
The explosive growth in demand for AI computing power has led to a severe shortage of indium phosphide (InP) substrates and epitaxial wafers, with prices in the fourth quarter expected to surge by more than 10%, marking the largest single increase in history. Prices have already been raised several times consecutively. Bottlenecks in upstream substrate production capacity are difficult to resolve quickly, making the supply-demand imbalance hard to address in the short term. Suppliers have stated bluntly that even if buyers are willing to pay a premium, inventory may still not be available.
Crypto prices
More
