Galaxy launched tokenized CLO on Avalanche and secured a $50 million allocation from Grove

Galaxy has completed the issuance of Galaxy CLO 2025-1, which is a newly issued collateralized loan obligation (CLO) and also Galaxy's first CLO project, aimed at supporting its lending business.

The debt tranches of this CLO have been issued and tokenized on the Avalanche chain, with the related tokens now available for trading on the INX platform for qualified investors. The initial issuance scale of Galaxy's tokenized CLO is $75 million, with Grove providing a $50 million core allocation. This allocation is a further advancement based on Grove's previous deployment of $250 million in tokenized real-world assets (RWA) on Avalanche.