Avalanche said that Galaxy Digital completed its first tokenized collateralized loan obligation (CLO), Galaxy CLO 2025-1, on the Avalanche network, raising $75 million.\n\nThe transaction positions onchain credit as an institutional workflow rather than a retail experiment. Proceeds are slated to support Galaxy’s lending business, while the securitization structure is delivered in a tokenized format. Grove Labs provided a $50 million anchor allocation, indicating early appetite for credit exposure executed over
blockchain rails.\n\nStakeholders will track whether the program scales beyond the initial issuance, which Galaxy indicated could expand to as much as $200 million, and whether additional institutional issuers adopt similar onchain credit frameworks.
