Galaxy Digital Pioneers Tokenized CLO on Avalanche
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Galaxy Digital has executed its first tokenized collateralized loan obligation (CLO) on the Avalanche blockchain, marking a significant milestone in the convergence of traditional finance and decentralized infrastructure. This transaction represents a $75 million blockchain-based loan deal, demonstrating institutional adoption of on-chain mechanisms for private credit and crypto-backed lending.
The move signals growing maturity in tokenization use cases beyond simple asset representation, potentially unlocking new liquidity pools and efficiency gains in credit markets. As major financial players like Galaxy Digital leverage blockchain for complex structured products, it validates the technology's capacity to transform legacy financial operations while expanding DeFi's institutional footprint.
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