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Sky Protocol announces a strategic partnership with Galaxy Digital, which adds $100 million of sUSDS to its treasury. This partnership enhances Galaxy's use of Sky Protocol's token and expands onchain credit for its institutional platform.
Amount Raised
$100 Million
Round Type
Venture - Series Unknown
Cayman IslandsFinancial ServicesFinanceFintechLendingDescription
Sky Protocol, a leader in onchain capital allocation, has partnered with Galaxy Digital to expand lending and capital markets efforts. Galaxy has incorporated $100 million of sUSDS into its treasury and has approved it for use as loan collateral. This partnership aims to deepen Galaxy's engagement with Sky Protocol's innovative savings token. The collaboration focuses on expanding onchain credit options available to Galaxy's institutional clients.
Fundz sees it the moment Sky Protocol raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Funding Insights
Based on industry dataSky Protocol raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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