Grove and Galaxy Digital have announced a $500 million warehouse lending facility. Grove will act as the warehouse lender to support Galaxy Digital's institutional lending business and help it maintain an asset-light operating model without using its balance sheet. According to Foresight News, the facility is backed by BTC and ETH collateral, including native staking and liquid staking ETH.
The custodians for the arrangement are Anchorage Digital and BitGo.
Grove and Galaxy Digital Announce $500 Million Warehouse Lending Facility
2026-07-16 12:53:49
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