Galaxy Digital invested $100 million of its own capital into Sky Protocol’s yield-bearing stablecoin, sUSDS. The firm integrated the asset into its corporate treasury to improve capital efficiency.
Galaxy approved sUSDS as compliant collateral for its institutional trading and lending operations. This allows clients to secure loans by pledging sUSDS while earning the intrinsic Sky savings rate.
The move deepens the partnership between Galaxy and Sky Protocol. It demonstrates Galaxy's strategy to use DeFi infrastructure to provide institutional clients with effective access to on-chain yield.