Galaxy Digital Integrates sUSDS into Institutional Framework
- Galaxy Digital has added $100 million of sUSDS, a DeFi yield-bearing token, to its corporate treasury.
- The firm approved sUSDS as eligible collateral for its institutional trading business, which serves over 1,600 counterparties.
- sUSDS supply reached $5.52 billion at the end of Q2, marking a growth of 149% from the previous year.
- Sky Protocol reported five consecutive profitable quarters with $107.35 million in gross revenue and a $33.29 million net surplus in Q2.
- SKY token saw a market boost, increasing by double digits following Galaxy’s announcement.
Galaxy Digital’s integration of sUSDS into its treasury and institutional framework signifies a major step in bridging traditional finance with onchain capital solutions. This move allows institutions to earn yield while using assets as collateral, enhancing capital efficiency.
By incorporating sUSDS into its $1 .4 billion loan book , Galaxy Digital demonstrates confidence in DeFi savings products and sets a precedent for other public companies considering similar integrations . (Source)
