Galaxy Digital Puts $100M Behind Yield-Bearing Token

Galaxy Digital has allocated $100 million of Sky Protocol's yield-bearing sUSDS to its corporate treasury, making it part of both its balance sheet and institutional lending operation.

The move brings DeFi yield into a $1.4 billion loan book, expanding sUSDS as institutional infrastructure for Galaxy clients.

Galaxy also approved sUSDS as eligible collateral across its institutional trading business, which serves more than 1,600 counterparties.

The deal strengthens Sky's pitch to corporate treasuries and asset managers, following five consecutive profitable quarters with $107.35 million in gross revenue and a $33.29 million net surplus in Q2 2026.