TechFlow reported on January 15 that, according to an Avalanche blog post, Galaxy has completed its first tokenized collateralized loan obligation (CLO) issuance — Galaxy CLO 2025-1 — and secured $50 million in committed capital from Grove.
The debt portion of this CLO was issued and tokenized on the Avalanche blockchain, reducing transaction costs and improving efficiency. These tokens are listed on the INX platform, providing market access for qualified investors. By executing on-chain, this structure brings private credit onto the blockchain, enabling instant settlement, full transparency, improved secondary market liquidity, and higher collateral efficiency.
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