Grove and Galaxy Digital Announce $500 Million Warehouse Lending Facility
Galaxy Digital announced a $500 million warehouse lending facility with Grove to finance its origination of institutional loans secured by digital assets like BTC and ETH. Under the agreement, Grove supplies the USDS capital while Galaxy acts as the originator and servicer, with collateral held by qualified custodians Anchorage Digital and BitGo.
Key figures
- Deal Value Usd
- 500000000
- Facility term years
- two years or less
- Clo participation usd
- 50000000
- Eth concentration limit
- 50% of facility
- Staked eth concentration limit
- 50% of ETH share
- Onchain capital allocations usd
- 5000000000
AI analysis
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