According to ChainCatcher, Galaxy has completed the issuance of Galaxy CLO 2025-1, a newly issued mortgage-backed debt certificate (CLO) and Galaxy's first CLO project, which will be used to support its lending business.
The debt tranche of this CLO was issued and tokenized on the Avalanche blockchain, and the tokens are now listed on the INX platform and open for trading by accredited investors. Galaxy's initial offering of this tokenized CLO totaled $75 million, with Grove providing a core allocation of $50 million. This allocation builds upon Grove's previous deployment of $250 million in tokenized real-world assets (RWA) on Avalanche.
