Grove and Galaxy Digital Establish $500M Warehouse Credit Line

2026-07-16 20:50

Woofun AI reports that Grove and Galaxy Digital have formalized a $500 million warehouse lending facility. Grove serves as the warehouse lender to support Galaxy Digital’s institutional lending activities, allowing the firm to sustain a light-asset operational model while keeping its balance sheet unencumbered.

The facility utilizes BTC and ETH, including native and liquid staking variants of ETH, as collateral. Anchorage Digital and BitGo act as the custodial institutions for these underlying assets.

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