Grove and Galaxy Digital reach $500 million warehouse credit agreement
Source: Global Market Broadcast
Institutional credit infrastructure protocol Grove and Galaxy Digital recently announced a $500 million warehouse loan arrangement aimed at providing funding support for institutional loans collateralized by digital assets.
A warehouse loan is a financing model in which the loan originator obtains a credit line to support its lending business. Under this model, the originator is responsible for loan underwriting and issuance, while the warehouse lender provides funding secured by the loan portfolio. In this partnership, Galaxy Digital acts as the loan originator and servicer, overseeing the underwriting and management of institutional loans as well as the disposition of digital asset collateral. Grove, as the warehouse lender, provides USDS stablecoin capital through a dedicated lending vehicle.
According to the arrangement, this facility only accepts bitcoin and ether (including native staked and liquid staked ether) as eligible collateral, with custody provided by qualified custodians Anchorage Digital and BitGo. All base loans will be over-collateralized, loan-to-value ratios will be continuously monitored by the Chronicle pricing data source, and there will be concentration limits, such as ether-collateralized loans not exceeding half of the total capacity.
This partnership builds on the existing relationship between the two parties. In December 2025, Grove participated with $50 million in Galaxy Digital's first tokenized loan collateralized bond. Unlike the previous investment, which targeted already packaged loan portfolios, the new warehouse credit arrangement enables Grove to participate earlier in the process, providing direct funding for Galaxy Digital’s origination of new institutional loans.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
From the Token Frenzy to the $1.3 Trillion AI Server Blue Ocean: AI Inference Computing Power Fully Explodes, Industry Leaders like Dell Usher in the Golden Era of "Volume, Price, and Market Share"
Leading global AI server cluster manufacturers such as Dell are simultaneously benefiting from two major growth dividends: the accelerated expansion of the AI server market and a significant increase in the order shares from core AI cloud computing customers, including large enterprises and new cloud providers. They are not merely passively profiting from hardware price increases.
GPU Cloud Services Surge in Price: Nebius Raises Prices Again by 20%, Computing Power Supply Side Gains Bargaining Power
From October 1st, Nebius will raise prices for its entire GPU cloud service line by approximately 20%, with multiple chips from H100 to B300 seeing increases. This marks the second round of price hikes in recent months, and the cumulative increase for B300 has reached 56%. Demand visibility extends beyond 24 months, with customers eager to purchase Blackwell computing power, even willing to pay a premium in auctions. The supply-demand imbalance for AI computing power is reshaping the entire industry’s negotiation landscape, as bargaining power is quietly shifting to the supply side.
Crypto prices
More
