TechFlow news, July 14, according to official announcements, Galaxy announced the launch of the institutional-grade on-chain financing program GOFR (Galaxy On-chain Financing Rate), allowing institutional clients to indirectly access the on-chain credit market through Galaxy, obtain financing at a single optimized rate, with Galaxy acting as the counterparty.
Initially, the program is supported by up to $100 million of Galaxy's own capital as first-loss protection, supporting native Bitcoin as collateral, without requiring clients to manage wallets, private keys, or directly operate smart contracts themselves. GOFR is aimed at institutions, high-net-worth individuals, and accredited investors, with a minimum loan size of $1 million.
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