Galaxy Digital adds $100M in sUSDS to treasury and approves token as institutional collateral

Galaxy Digital has added $100 million of Sky Protocol's yield-bearing token, sUSDS, to its corporate treasury. The firm has also approved the token as collateral for institutional client loans, allowing borrowers to continue accruing the Sky Savings Rate while their assets are pledged. While the treasury position is confirmed, the companies have not disclosed the volume of client lending or specific loan terms associated with the new collateral option. This move builds on an existing relationship between the two firms, which includes a $500 million warehouse facility managed by Sky ecosystem agent Grove.