Galaxy allocates $100 million to sUSDS for corporate treasury

Galaxy Digital has invested $100 million of its balance sheet into Sky Protocol's yield-bearing token, sUSDS, designating it as eligible collateral for its institutional lending business. Galaxy clients can use sUSDS as collateral while continuing to earn the Sky Savings Rate. This move represents about 4% of Galaxy's $2.5 billion in cash and stablecoin holdings as of June 30. The firm also holds SKY governance tokens, deepening its integration with the Sky ecosystem.