Grove and Galaxy Digital have announced a $500 million warehouse lending facility designed to support the origination of Galaxy Digital’s institutional lending business. Under the arrangement, Grove will act as the warehouse lender, providing financing support that allows Galaxy Digital to keep operating with a light-asset model rather than tying up its own balance sheet. The collateral eligible under the partnership includes BTC and ETH, along with both native staked ETH and liquid staked ETH. Custody for the facility will be handled by Anchorage Digital and BitGo. The announcement outlines a structure aimed at expanding institutional crypto lending capacity while keeping the underlying collateral and custody framework clearly defined.
Grove and Galaxy Digital said they have established a $500 million warehouse lending facility to support loan origination for Galaxy Digital’s institutional lending business.
Under the arrangement, Grove will serve as the warehouse lender. The structure is intended to let Galaxy Digital maintain a light-asset operating model without using its own balance sheet for the lending activity.
Eligible collateral includes BTC and ETH, as well as native staked ETH and liquid staked ETH. Anchorage Digital and BitGo will serve as the custodians.
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