Galaxy Digital Launches Vault Service; DTCC Initiates Tokenization with Citadel
Galaxy Digital Inc. has introduced Galaxy Curator, an institutional vault service leveraging Morpho's blockchain, accessible via Fireblocks Earn. This comes as the company reports a revenue of $58.7 billion over the past year, despite continued losses.
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Galaxy Digital Inc. launched Galaxy Curator, a vault curation service on Morpho's blockchain, aimed at institutional clients through Fireblocks Earn. This initiative targets over 2,400 clients and allows access to onchain yield strategies for stablecoin holdings.
The company generated $58.7 billion in revenue over the last year, with a 25% growth rate, but remains unprofitable with a diluted EPS of -$1.73. Additionally, Galaxy secured a $500 million lending facility with Grove for loans backed by digital assets and completed Phase I of its West Texas data center, transitioning to revenue generation. Meanwhile, the DTCC has initiated tokenization efforts in partnership with Citadel, focusing on equity conversions and securities lending, while Ripple continues making strides in institutional adoption.
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