Galaxy Digital Puts $100M sUSDS In Treasury, Opens Token As Collateral

Galaxy Digital announced on March 25, 2025, that it has added $100 million of Sky Protocol's sUSDS token to its corporate treasury, marking one of the largest single DeFi treasury allocations by a publicly traded financial firm. The firm simultaneously enabled sUSDS as institutional collateral across its lending and derivatives platforms, according to the official announcement. Galaxy Digital, which trades on NASDAQ under the ticker GLXY, said the move reflects its commitment to integrating decentralized finance into traditional capital markets infrastructure.

Galaxy Digital has enabled sUSDS as collateral across its prime brokerage, lending desk, and derivatives platforms, allowing institutional counterparties to post the token as margin for trading and borrowing activities. This integration means hedge funds, asset managers, and other qualified institutional clients can now use sUSDS to secure loans, collateralize derivative positions, and optimize their capital efficiency without liquidating their yield-bearing positions.

Sky Protocol's sUSDS token currently offers a variable yield rate that adjusts based on protocol governance decisions and market conditions, with the Sky Savings Rate historically ranging between 6% and 12% annually since its launch. The token carries no lock-up period, allowing Galaxy to redeem sUSDS for USDS on a one-to-one basis at any time, subject to standard transaction processing times.

This allocation marks Galaxy Digital's first DeFi token on its corporate balance sheet, representing a strategic shift from its previous treasury approach that focused primarily on Bitcoin, Ethereum, and traditional stablecoins. The sUSDS purchase follows Galaxy's broader institutional DeFi push, which includes its investment in Sky Protocol's ecosystem and its role as a liquidity provider across multiple decentralized lending markets.