Galaxy launches tokenized CLO on Avalanche and secures $50 million allocation from Grove
BlockBeats News, January 15, Galaxy has completed the issuance of Galaxy CLO 2025-1, a newly issued Collateralized Loan Obligation (CLO) and Galaxy's first CLO project, which will be used to support its lending business. The debt tranches of this CLO were issued and tokenized on the Avalanche chain, and the related tokens have been listed on the INX platform, open for trading to qualified investors.
The initial issuance size of Galaxy's tokenized CLO is $75 million, with Grove providing a core allocation of $50 million. This allocation further advances Grove's previous deployment of $250 million in tokenized real-world assets (RWA) on Avalanche.
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