---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000797662.md"
description: "📢 𝐉𝐔𝐒𝐓 𝐈𝐍: Grove Launches $500 Million Crypto-Backed Lending Facility With $Galaxy Digital(GLXY.US) Galaxy Digital👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:➤  𝐆𝐫𝐨𝐯𝐞 establishes a 𝐒𝟓𝟎𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 warehouse lending facility with 𝐆𝐚𝐥𝐚𝐱𝐲.➤  Grove will finance Galaxy's 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐚𝐥 crypto-backed loan originations.➤  Eligible collateral includes 𝐁𝐓𝐂 and 𝐄𝐓𝐇, including staked ETH.➤  𝐀𝐧𝐜𝐡𝐨𝐫𝐚𝐠𝐞 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 and 𝐁𝐢𝐭𝐆𝐨 will serve as qualified custodians.➤  Loans are 𝐬𝐞𝐧𝐢𝐨𝐫 𝐬𝐞𝐜𝐮𝐫𝐞𝐝 with original terms of two years or less.➤  𝐄𝐓𝐇-backed loans are capped at 𝟓𝟎% of the facility.➤  Loan-to-value ratios will be monitored continuously using 𝐂𝐡𝐫𝐨𝐧𝐢𝐜𝐥𝐞 price feeds.➤  Grove previously anchored Galaxy's 𝐒𝟓𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 tokenized CLO in December 2025.➤  Facility provides Galaxy with committed funding to expand institutional lending.➤  Sky Ecosystem gains 𝐔𝐒𝐃𝐒-denominated private credit exposure through the facility."
datetime: "2026-07-15T13:01:54.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000797662.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000797662.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000797662.md)
author: "[Hardik Shah](https://longbridge.com/en/profiles/27423834.md)"
generator: "portal-rs"
---

# 📢 𝐉𝐔𝐒𝐓 𝐈𝐍: Grove Launches $500 Million Crypto-Back…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**