Galaxy Expands Institutional Lending to Solana's Kamino Platform

Galaxy has expanded its on-chain lending business to Solana with two live stablecoin vaults on Kamino. The new vaults offer curated USDC and USDT lending strategies across Solana markets, managed through Galaxy Curation.

Galaxy applies institutional collateral standards, exposure limits, and market monitoring to both newly launched vaults. According to the company's Q2 results, it reported a $1.4 billion average loan book and 1,741 total trading counterparties during the quarter.

Kamino reports over $20 billion in originated loans and zero bad debt to lenders historically. Galaxy will control the lending mandate for these vaults, while Kamino provides the smart contracts and execution infrastructure.