Galaxy Invests in Digital Asset Lending Platform Tokenet
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: stocktwits
- Strategic Investment: Galaxy's investment in Digital Prime Technologies aims to accelerate the development of the Tokenet platform, and while the financial terms remain undisclosed, this move underscores Galaxy's commitment to institutional digital asset lending.
- Platform Launch: Tokenet went live in May, with Galaxy among its first participants, providing securities lending workflows, risk controls, and collateral management tools to enhance transparency and governance in digital asset lending.
- Market Reaction: Despite the positive intentions behind Galaxy's investment, its shares fell over 3% following the announcement, reflecting a broader bearish sentiment in the market for cryptocurrencies and tech stocks, particularly as Nasdaq futures dropped more than 2%.
- Industry Challenges: The CEO of Digital Prime noted that Tokenet is designed to bridge the gap between traditional securities financing standards and crypto lending; however, trust in digital asset lending still requires the maturation of reliable infrastructure.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy GLXY?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on GLXY
Wall Street analysts forecast GLXY stock price to rise
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 33.120
Low
24.00
Averages
43.89
High
60.00
Current: 33.120
Low
24.00
Averages
43.89
High
60.00
About GLXY
Galaxy Digital Inc. is engaged in the business of digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence (AI). The Company's digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, it develops and operates data center infrastructure to power AI and high-performance computing workloads. The Company's segments include Digital Assets, Data Centers, and Treasury and Corporate. Its Digital Assets operating business segment provides new products and capabilities such as staking, margin-based financing and active exchange-traded funds. The Data Centers segment comprises the Helios infrastructure assets. The Company's Data Centers segment develops and operates High Performance Computing (HPC) infrastructure to meet the growing demand for large-scale, power-ready facilities in the AI/HPC industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Galaxy Invests in Digital Asset Lending Platform Tokenet
- Strategic Investment: Galaxy's investment in Digital Prime Technologies aims to accelerate the development of the Tokenet platform, and while the financial terms remain undisclosed, this move underscores Galaxy's commitment to institutional digital asset lending.
- Platform Launch: Tokenet went live in May, with Galaxy among its first participants, providing securities lending workflows, risk controls, and collateral management tools to enhance transparency and governance in digital asset lending.
- Market Reaction: Despite the positive intentions behind Galaxy's investment, its shares fell over 3% following the announcement, reflecting a broader bearish sentiment in the market for cryptocurrencies and tech stocks, particularly as Nasdaq futures dropped more than 2%.
- Industry Challenges: The CEO of Digital Prime noted that Tokenet is designed to bridge the gap between traditional securities financing standards and crypto lending; however, trust in digital asset lending still requires the maturation of reliable infrastructure.
See More
Galaxy Digital Invests in Digital Prime Technologies to Enhance Tokenet Platform
- Investment Context: Galaxy Digital (GLXY) announced an investment in Digital Prime Technologies aimed at accelerating the development of its Tokenet digital asset lending platform, although the terms of the deal were not disclosed, this move underscores Galaxy's commitment to digital asset infrastructure.
- Platform Development: Launched in May 2026 in partnership with EquiLend, Tokenet will leverage this investment to expand its institutional client base, indicating a strategic intent for growth in the digital asset lending sector.
- Market Confidence: Max Bareiss, head of lending at Galaxy Digital, stated that the maturation of digital asset lending relies on infrastructure that institutions can trust, and Galaxy's investment reflects confidence in both the Tokenet platform and its team, aiming to enhance market trust.
- Stock Market Reaction: Despite the positive investment intentions, Galaxy Digital's stock fell 4.2% in early Tuesday trading, contrasting sharply with the overall decline in the crypto market and tech stocks linked to SpaceX's debt funding plan.
See More
Galaxy Digital Invests in Digital Prime Technologies to Enhance Tokenet
- Strategic Investment: Galaxy Digital's investment in Digital Prime Technologies aims to accelerate the development of the Tokenet platform, which launched in May 2026, marking a significant step towards standardizing institutional digital asset lending and is expected to attract more institutional clients, enhancing market trust.
- Market Confidence: As both a launch participant and investor in Tokenet, Galaxy Digital demonstrates confidence in the platform and its team; Max Bareiss emphasizes that Tokenet's infrastructure will meet institutional demands for transparency and governance, thereby facilitating the maturation of digital asset lending.
- Partnership Significance: The collaboration between EquiLend and Digital Prime highlights the importance of operational standards for institutional participants entering digital asset lending, with Nick Delikaris stating that Galaxy's investment further validates the market's movement towards high standards.
- Global Expansion: Digital Prime plans to leverage this investment to expand its institutional client base and utilize EquiLend's global network to support Tokenet's growth, ensuring its influence within the institutional lending community continues to strengthen.
See More
U.S. Stocks Edge Up, Nasdaq Hits 2.5-Week High
- Market Recovery: The Nasdaq 100 index rose by 0.50% to reach a 2.5-week high as the markets reopened after the holiday, driven by strong performances from chipmakers and AI infrastructure stocks, indicating a rebound in investor confidence towards tech equities.
- Oil Price Volatility: Although crude oil prices initially surged over 2% due to Iran's threat to close the Strait of Hormuz, they retreated after reports of 'major progress' in peace talks with the U.S., highlighting the short-term impact of geopolitical risks on market volatility and stock index futures.
- UK Political Shift: Following Prime Minister Keir Starmer's resignation, the market is keenly awaiting Andy Burnham's choice for Chancellor of the Exchequer, with concerns that an unqualified new chancellor could raise issues regarding deficits and borrowing, putting pressure on the British pound and reflecting the impact of political uncertainty on market sentiment.
- Rate Hike Expectations: The market is pricing in a 36% chance of a 25 basis point rate hike by the Federal Reserve at its meeting on July 28-29, while the European Central Bank has only a 10% chance of a rate hike at its next policy meeting, indicating differing expectations for future monetary policy that could influence investor asset allocation strategies.
See More
BLOK ETF 52-Week Price Range Analysis
- Price Range Analysis: The BLOK ETF has a 52-week low of $46.90 and a high of $75.89, with the latest trade at $66.60, indicating relative stability and investor confidence in the current market.
- Technical Analysis Tool: Comparing the latest share price to the 200-day moving average provides investors with valuable insights for technical analysis, aiding in market trend assessment and potential buying opportunities.
- ETF Unit Trading Mechanism: ETFs trade similarly to stocks, where investors buy and sell 'units' that can be created or destroyed based on investor demand, impacting liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify significant inflows (new units created) or outflows (old units destroyed), which can influence the performance of individual stocks held within the ETF.
See More
Karta Raises $140 Million to Empower Global Travelers
- Significant Fundraising: Karta successfully raised $140 million, including a $15 million Series A and a $125 million credit facility, reflecting strong investor confidence in its credit card for global travelers, which is expected to accelerate market expansion and product development.
- Strong User Demand: Designed for international travelers, Karta's credit card offers credit lines up to $200,000 without requiring an SSN or ITIN, addressing the pain points of many travelers lacking credit history in the U.S., which is anticipated to attract a large number of new users.
- Tech-Driven Service: Karta's 24/7 AI concierge service provides personalized support via WhatsApp, handling tasks like flight changes and dispute resolutions, enhancing user experience and increasing customer loyalty, which is expected to boost customer satisfaction and market share.
- Strategic Development Focus: The new capital will be used to launch an elevated tier card, a corporate card, and a payment platform, further enhancing Karta's product line and strengthening its competitive position in the global travel market, which is expected to provide long-term growth potential for the company.
See More
Galaxy Invests in Digital Asset Lending Platform Tokenet
- Strategic Investment: Galaxy's investment in Digital Prime Technologies aims to accelerate the development of the Tokenet platform, and while the financial terms remain undisclosed, this move underscores Galaxy's commitment to institutional digital asset lending.
- Platform Launch: Tokenet went live in May, with Galaxy among its first participants, providing securities lending workflows, risk controls, and collateral management tools to enhance transparency and governance in digital asset lending.
- Market Reaction: Despite the positive intentions behind Galaxy's investment, its shares fell over 3% following the announcement, reflecting a broader bearish sentiment in the market for cryptocurrencies and tech stocks, particularly as Nasdaq futures dropped more than 2%.
- Industry Challenges: The CEO of Digital Prime noted that Tokenet is designed to bridge the gap between traditional securities financing standards and crypto lending; however, trust in digital asset lending still requires the maturation of reliable infrastructure.
See More
Galaxy Digital Invests in Digital Prime Technologies to Enhance Tokenet Platform
- Investment Context: Galaxy Digital (GLXY) announced an investment in Digital Prime Technologies aimed at accelerating the development of its Tokenet digital asset lending platform, although the terms of the deal were not disclosed, this move underscores Galaxy's commitment to digital asset infrastructure.
- Platform Development: Launched in May 2026 in partnership with EquiLend, Tokenet will leverage this investment to expand its institutional client base, indicating a strategic intent for growth in the digital asset lending sector.
- Market Confidence: Max Bareiss, head of lending at Galaxy Digital, stated that the maturation of digital asset lending relies on infrastructure that institutions can trust, and Galaxy's investment reflects confidence in both the Tokenet platform and its team, aiming to enhance market trust.
- Stock Market Reaction: Despite the positive investment intentions, Galaxy Digital's stock fell 4.2% in early Tuesday trading, contrasting sharply with the overall decline in the crypto market and tech stocks linked to SpaceX's debt funding plan.
See More
Galaxy Digital Invests in Digital Prime Technologies to Enhance Tokenet
- Strategic Investment: Galaxy Digital's investment in Digital Prime Technologies aims to accelerate the development of the Tokenet platform, which launched in May 2026, marking a significant step towards standardizing institutional digital asset lending and is expected to attract more institutional clients, enhancing market trust.
- Market Confidence: As both a launch participant and investor in Tokenet, Galaxy Digital demonstrates confidence in the platform and its team; Max Bareiss emphasizes that Tokenet's infrastructure will meet institutional demands for transparency and governance, thereby facilitating the maturation of digital asset lending.
- Partnership Significance: The collaboration between EquiLend and Digital Prime highlights the importance of operational standards for institutional participants entering digital asset lending, with Nick Delikaris stating that Galaxy's investment further validates the market's movement towards high standards.
- Global Expansion: Digital Prime plans to leverage this investment to expand its institutional client base and utilize EquiLend's global network to support Tokenet's growth, ensuring its influence within the institutional lending community continues to strengthen.
See More
U.S. Stocks Edge Up, Nasdaq Hits 2.5-Week High
- Market Recovery: The Nasdaq 100 index rose by 0.50% to reach a 2.5-week high as the markets reopened after the holiday, driven by strong performances from chipmakers and AI infrastructure stocks, indicating a rebound in investor confidence towards tech equities.
- Oil Price Volatility: Although crude oil prices initially surged over 2% due to Iran's threat to close the Strait of Hormuz, they retreated after reports of 'major progress' in peace talks with the U.S., highlighting the short-term impact of geopolitical risks on market volatility and stock index futures.
- UK Political Shift: Following Prime Minister Keir Starmer's resignation, the market is keenly awaiting Andy Burnham's choice for Chancellor of the Exchequer, with concerns that an unqualified new chancellor could raise issues regarding deficits and borrowing, putting pressure on the British pound and reflecting the impact of political uncertainty on market sentiment.
- Rate Hike Expectations: The market is pricing in a 36% chance of a 25 basis point rate hike by the Federal Reserve at its meeting on July 28-29, while the European Central Bank has only a 10% chance of a rate hike at its next policy meeting, indicating differing expectations for future monetary policy that could influence investor asset allocation strategies.
See More
BLOK ETF 52-Week Price Range Analysis
- Price Range Analysis: The BLOK ETF has a 52-week low of $46.90 and a high of $75.89, with the latest trade at $66.60, indicating relative stability and investor confidence in the current market.
- Technical Analysis Tool: Comparing the latest share price to the 200-day moving average provides investors with valuable insights for technical analysis, aiding in market trend assessment and potential buying opportunities.
- ETF Unit Trading Mechanism: ETFs trade similarly to stocks, where investors buy and sell 'units' that can be created or destroyed based on investor demand, impacting liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify significant inflows (new units created) or outflows (old units destroyed), which can influence the performance of individual stocks held within the ETF.
See More
Karta Raises $140 Million to Empower Global Travelers
- Significant Fundraising: Karta successfully raised $140 million, including a $15 million Series A and a $125 million credit facility, reflecting strong investor confidence in its credit card for global travelers, which is expected to accelerate market expansion and product development.
- Strong User Demand: Designed for international travelers, Karta's credit card offers credit lines up to $200,000 without requiring an SSN or ITIN, addressing the pain points of many travelers lacking credit history in the U.S., which is anticipated to attract a large number of new users.
- Tech-Driven Service: Karta's 24/7 AI concierge service provides personalized support via WhatsApp, handling tasks like flight changes and dispute resolutions, enhancing user experience and increasing customer loyalty, which is expected to boost customer satisfaction and market share.
- Strategic Development Focus: The new capital will be used to launch an elevated tier card, a corporate card, and a payment platform, further enhancing Karta's product line and strengthening its competitive position in the global travel market, which is expected to provide long-term growth potential for the company.
See More
