Galaxy has added $100M of sUSDS to its corporate treasury and approved it as eligible collateral across its institutional trading business. Here is what it means ↓

Grove's $500M warehouse facility with @galaxyhq has financed $375M in senior secured institutional loans using USDS since July 15, reaching 75% utilization. The capital is deployed under a Sky Governance-approved mandate. Here's how the credit is structured ↓

Over $292M distributed. That's the total yield accrued to sUSDS holders through the Sky Savings Rate since inception. On top of that, $191M was distributed through the legacy Dai Savings Rate that came before it. $483M combined and still climbing.

sUSDS is making its way into institutional finance. The same yield-bearing asset you can access through Osero, now being put to work at Galaxy.

BREAKING: $GLXY adds $100M sUSDS to its corporate treasury and buys an undisclosed amount of $SKY tokens. Users can deploy sUSDS as collateral in Galaxy's lending while continuing to earn the full Sky Savings Rate. The move links TradFi activity to onchain financing through Spark and expands institutional access to yield-bearing stablecoins. sUSDS is the savings token of Sky Protocol. You deposit USDS to receive sUSDS and capture a share of the protocol revenue paid out as yield. Sky reported ~$5.52B sUSDS supply at the end of Q2 2026 (up 149% Y/Y). The protocol itself recorded a fifth straight quarter of surplus (~$107.3M income, and ~$33.29M net surplus) during this period. The latest move shows SKY is increasingly the protocol of choice for institutions moving capital in size, not just a retail savings product. Zooming out, GLXY is two stories in one ticker. The First is the institutional crypto market story (which includes their trading and lending platforms), and the other is the AI data centers story (Helios et al.). This deal sits entirely in the first bucket. For GLXY, approving sUSDS as collateral on a ~$1.4B loan book (1,600+ counterparties) signals a product move that breaks traditional crypto lending, which usually forces a trade-off between yield and liquidity. For SKY holders, the move signals institutional credibility. It can also help grow its protocol revenue and Net Surplus, which directly feeds the SKY buybacks. $SKY is up ~13.9% while $GLXY is up ~4.3% in the past 24 hours.

Galaxy Adds $100 Million in sUSDS to Corporate Treasury and Acquires SKY Galaxy Digital has purchased $100 million of Sky Protocol’s yield-bearing stablecoin sUSDS using its own balance sheet and approved it as collateral across its institutional trading business, which has a $1.4 billion average loan book and serves more than 1,600 counterparties. Clients can continue earning the Sky Savings Rate on their full sUSDS positions while using them as loan collateral. Galaxy also acquired an undisclosed amount of SKY, while the two firms are discussing an expansion of their existing $500 million warehouse facility.

Galaxy bought $100M of sUSDS and approved it as collateral across our institutional lending book. It's the latest step in a deepening relationship with @SkyEcosystem — from Grove's $500M warehouse facility to Spark-backed financing for GOFR.

Grove Basin JTRSY now holds $50M in stablecoin liquidity. Larger redemptions can now clear in a single transaction. Available to JTRSY holders on @centrifuge. Basin is filling. Tap in.