Galaxy Digital Integrates Sky Protocol sUSDS Into Institutional Treasury

The collaboration marks a significant shift in how institutional entities interact with onchain credit. Galaxy is now utilizing sUSDS not only as a treasury reserve but as a functional instrument for its trading counterparties. Clients posting sUSDS as collateral retain the ability to accrue the Sky Savings Rate throughout the duration of their loans, bridging the gap between traditional credit facilities and decentralized yield mechanisms. This integration builds upon a pre-existing credit relationship, which includes a $500 million warehouse lending facility provided by Grove, a Prime Agent within the Sky ecosystem.

For Sky Protocol, the partnership serves as a validation of its institutional-grade infrastructure. The protocol has seen its sUSDS supply reach $5.52 billion by the end of Q2 2026, representing a 149% increase year-over-year. By securing a partnership with a Nasdaq-listed firm like Galaxy, Sky aims to lower the barrier for corporate treasuries that have historically remained cautious toward decentralized finance. This move coincides with a broader market trend where the value of tokenized real-world assets, excluding stablecoins, climbed to over $33 billion by July 2026.