K3 Capital provides a $30 million on-chain credit facility to Galaxy through the Accountable platform.
Foresight News reports that K3 Capital, through the crypto lending platform Accountable, has provided a $30 million on-chain credit line denominated in AUSD stablecoin to a certain exchange via the vault infrastructure on Monad. The initiative was launched with a full $30 million initial subscription, and will be gradually expanded as LPs join, targeting a total fundraising scale of $100 million. The status of fund deployment, interest accrual, and repayment can all be independently verified on-chain. Each loan term is 90 days, with the option to extend, and up to 30% of the principal can be redeemed monthly. Accountable notes that this is the first time such on-chain credit arrangements have been extended to a listed company borrower with full regulatory disclosure obligations. The exchange in question has total equity of about $2.8 billion and holds approximately $2.6 billion in cash and stablecoins (as of March 31, 2026).
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
Yemen's Houthis vow more attacks on Saudi airports, oil facilities
Yen slips to a three-week low on US CPI, then recovers it all
Inflation surpasses expectations, impacting small-cap stocks; Russell 2000 drops nearly 2%, confirming a technical correction
On Wednesday, approximately four-fifths of the constituents in the Russell 2000 Index recorded declines. Since its peak in August, the index has dropped by 11%, falling below its 200-day moving average and entering a technical correction for the first time since March this year. Analysis indicates that with the US CPI rising more than expected and the probability of rate hikes increasing, small-cap, consumer, and transportation stocks are facing "sustained and long-term resistance."
Crypto prices
More
