Galaxy Launches Tokenized CLO on Avalanche, Secures Grove's $50 Million Allocation
BlockBeats News, January 15th, Galaxy has completed the issuance of Galaxy CLO 2025-1, which is a newly issued Collateralized Loan Obligation (CLO) and Galaxy's first CLO project, which will be used to support its lending business. The debt tranching of this CLO was issued on the Avalanche chain and tokenized, and the related tokens have been listed on the INX platform for trading by eligible investors.
Galaxy's initial tokenized CLO issuance has a size of $75 million, with Grove providing a $50 million anchor tranche. This tranche follows Grove's prior deployment of $250 million of tokenized Real World Assets (RWA) on Avalanche.
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