TLDRGalaxy adds $100M in sUSDS to its treasury under the expanded Sky partnership.sUSDS becomes eligible collateral across Galaxy’s $1.4B institutional loan book.Clients can use sUSDS as collateral while still earning the Sky Savings Rate.Grove supplies USDS through a $500M facility supporting Galaxy loan origination.The deal deepens Galaxy’s access to Sky’s onchain liquidity and credit network.Galaxy Digital (GLXY) shares traded at $26.76, down 1.49%, after an early rebound lost momentum during Wednesday trading. Galaxy expanded its relationship with Sky Protocol through a new lending and capital markets partnership. The agreement includes a $100 million sUSDS treasury allocation and broader use of the token across Galaxy’s institutional business.Galaxy Digital, GLXYGalaxy Adds $100M sUSDS to Corporate TreasuryGalaxy added $100 million of sUSDS to its corporate treasury under the expanded arrangement with Sky Protocol. The company also approved the savings token as eligible collateral across its institutional trading operations. Those operations support more than 1,600 trading counterparties and maintain an average loan book of $1.4 billion.Clients can now use sUSDS as collateral when securing loans through Galaxy’s institutional platform. Meanwhile, those clients can continue earning the Sky Savings Rate on their entire sUSDS position. This structure allows deposited collateral to generate yield while supporting borrowing activity within Galaxy’s lending network.The move also makes Galaxy one of the early public companies holding sUSDS directly on its balance sheet. Galaxy has already used Sky-linked infrastructure for institutional credit and digital asset lending services. Therefore, the treasury allocation expands an existing relationship rather than creating a completely new financing channel.Sky Expands Onchain Credit Across Galaxy LendingThe companies previously connected through Grove, a Prime Agent operating within the broader Sky ecosystem. Grove provides Galaxy with a $500 million warehouse facility for institutional loans secured by digital assets. The facility supplies USDS capital through a dedicated lending structure supporting Galaxy’s loan origination activities.Galaxy has also borrowed through Spark, another Prime Agent connected to the Sky ecosystem. Those funds support Galaxy’s GOFR product and provide another source of financing for institutional clients. As a result, Galaxy can diversify funding while linking parts of its lending operation to onchain markets.The new arrangement extends these links across treasury management, collateral, lending, and Galaxy’s broader Global Markets business. Sky gains access to Galaxy’s large institutional network through that expansion. Galaxy also receives another source of onchain liquidity for lending products and corporate treasury management.Tokenized Assets Support Wider Institutional ExpansionSky Protocol entered the third quarter with $5.41 billion supplied through independent allocators and institutional tokenized funds. Its ecosystem also holds positions in BlackRock’s BUIDL and Janus Henderson’s JTRSY tokenized products. These allocations connect Sky’s stablecoin liquidity with traditional asset managers and tokenized financial instruments.The sUSDS supply reached $5.52 billion at the end of the second quarter. That total represented a 149% increase from the previous year. Sky also recorded $107.35 million in gross revenue and a $33.29 million net surplus during the quarter.The broader tokenized asset market has also expanded as financial institutions adopt blockchain-based collateral and settlement products. Onchain real-world assets excluding stablecoins surpassed $33 billion during July 2026. That value stood at roughly four times the level recorded in early 2025.Galaxy’s partnership places sUSDS inside corporate treasury management and institutional lending at the same time. It also allows Galaxy clients to use yield-producing assets while supporting loans and trading activity. The structure strengthens Galaxy’s connection with onchain capital as tokenized financial markets continue expanding. The post Galaxy Digital (GLXY) Stock: Adds $100M sUSDS in Sky Protocol Partnership appeared first on Blockonomi.