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Avalanche said that Galaxy Digital completed its first tokenized collateralized loan obligation (CLO), Galaxy CLO 2025-1, on the Avalanche network, raising $75 million. The 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. Stakeholders 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.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
