Galaxy Digital Inc. (NASDAQ: $GLXY) is putting more capital behind institutional digital asset lending, taking a strategic stake in Digital Prime Technologies as the market looks for more structured ways to borrow and lend crypto at scale.
The investment, announced Tuesday, builds on Galaxy's role as a launch participant on Tokenet, the institutional lending platform developed by Digital Prime Technologies in partnership with EquiLend. Tokenet went live in May and is designed to bring securities-lending style workflows, risk controls and lifecycle management into digital assets.
Financial terms were not disclosed, but Galaxy's role makes the investment more than a passive backing. The firm was already a launch participant on Tokenet, tying the deal directly to its lending and trading operations and giving the platform an early institutional user with market depth.
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Digital asset lending has been one of crypto's more difficult institutional markets to rebuild after the failures of the last cycle. Large firms still want financing, collateral and balance-sheet tools, but the market has needed stronger governance, clearer workflows and more transparent operating standards before traditional capital can move with confidence.
Galaxy head of lending Max Bareiss said the maturation of digital asset lending depends on infrastructure institutions that can be trusted "from day one," adding that the investment reflects confidence in Tokenet and the team behind it.
Digital Prime said the funding will help accelerate Tokenet's development and expand its institutional client base. EquiLend's global network is expected to remain the distribution foundation for the platform as it tries to reach a broader securities-lending audience.
The deal also fits Galaxy's wider push to package crypto markets in forms that look more familiar to institutional investors. Its business already spans trading, advisory, asset management, staking, self-custody and tokenization technology, alongside a growing data-center infrastructure segment tied to AI and high-performance computing.
Galaxy Digital Inc. (NASDAQ: GLXY) is currently trading at $32.45 U.S. per share.