Digital Prime Technologies has introduced Tokenet, an institutional-grade digital asset lending platform developed in partnership with EquiLend. The platform incorporates proven securities lending best practices, end-to-end loan lifecycle management with functions like rerates, recalls, returns, mark-to-market, and a multi-custodian collateral framework.

Galaxy Digital is among the inaugural participants live on Tokenet, leveraging the platform’s operational workflows and risk controls to support its institutional lending business. Head of Lending Max Bareiss noted that Tokenet bridges the gap between the firm’s operational standards and available digital asset lending tools.

Participation on Tokenet allows Galaxy Digital to enhance its lending product suite with transparent, standardized workflows and governance structures. Access to EquiLend’s global network could boost lending volumes, collateral efficiency, and revenue potential in institutional digital asset markets.