Galaxy Digital, Grove launch USD 500 million crypto-backed loan warehouse facility - GLXY News | RalliesGalaxy Digital, Grove launch USD 500 million crypto-backed loan warehouse facility
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GLXY• Galaxy Digital launches USD 500 million warehouse facility with Grove
- Galaxy Digital entered a USD 500 million warehouse lending facility with Grove to fund origination of institutional crypto-backed loans.
- Grove will provide USDS capital via a dedicated vehicle; Galaxy will underwrite, originate, and service the loans.
- Facility collateral is limited to BTC and ETH; it includes natively staked and liquid-staked ETH, with custody at Anchorage Digital and BitGo.
- Loans are senior secured and overcollateralized; original terms run up to two years; ETH-backed exposure is capped at 50% of the facility.
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