Mars Finance News, on January 15, Galaxy completed the issuance of Galaxy CLO 2025-1, a brand new mortgage-backed debt instrument (CLO), and Galaxy’s first CLO project, which will be used to support its lending business. The debt tranching of this CLO was issued and tokenized on the Avalanche chain, and the related tokens are now listed on the INX platform, open for trading to qualified investors. The initial issuance size of Galaxy’s tokenized CLO is $75 million, with Grove providing $50 million in core allocation. This allocation is an extension of Grove’s previous deployment of $250 million in tokenized real-world assets (RWA) on Avalanche.
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Galaxy launches tokenized CLO on Avalanche and secures $50 million allocation from Grove
Mars Finance News, on January 15, Galaxy completed the issuance of Galaxy CLO 2025-1, a brand new mortgage-backed debt instrument (CLO), and Galaxy’s first CLO project, which will be used to support its lending business. The debt tranching of this CLO was issued and tokenized on the Avalanche chain, and the related tokens are now listed on the INX platform, open for trading to qualified investors. The initial issuance size of Galaxy’s tokenized CLO is $75 million, with Grove providing $50 million in core allocation. This allocation is an extension of Grove’s previous deployment of $250 million in tokenized real-world assets (RWA) on Avalanche.