Galaxy Adds $100M Of Sky’s sUSDS To Corporate Treasury
TL;DR Galaxy has added $100 million of Sky Protocol’s sUSDS to its own corporate treasury. The firm has also approved sUSDS as collateral across an institutional trading business carrying an average loan book of about $1.4 billion. Galaxy additionally bought an undisclosed amount of SKY, deepening an existing lending relationship with the Sky ecosystem. Galaxy…
CFTC Advisory Sets Expectations For Tokenized Collateral At Clearinghouses
The CFTC’s Division of Clearing and Risk has issued a staff advisory on how registered derivatives clearing organizations should handle tokenized collateral, including tokenized U.S. Treasuries used as margin. The advisory is a narrow but important signal. It does not approve tokenized collateral for every market. It does not mean all clearinghouses can suddenly accept…