Galaxy Launches GOFR, an Institutional Onchain Financing Program
Institutions borrow at an optimized onchain rate, facing Galaxy rather than DeFi protocols directly
Galaxy today announced the launch of the Galaxy Onchain Financing Rate (“GOFR”), a fully managed, risk-controlled lending program that lets clients access onchain credit markets through Galaxy. Clients borrow from Galaxy at a single optimized rate and face Galaxy as their counterparty. To start, Galaxy commits up to $100 million of its own capital as first-loss protection*. GOFR is designed for institutions, high-net-worth individuals, and accredited investors, with a minimum loan size of $1 million and flexible structure and duration terms.
Through GOFR, Galaxy aggregates variable financing rates across leading onchain lending protocols – including Aave, Morpho, Spark, Kamino, and others – dynamically blending them into a single continuously rebalanced rate. Clients face Galaxy, not the protocols. There are no wallets to manage, no private keys to hold, and no smart contracts to sign. Galaxy sources, executes, and services every position and monitors collateral within set limits, with circuit breakers that halt new deployment if risk thresholds are breached.
Additionally, counterparties can post native BTC directly to Galaxy as collateral, with no need to bridge or wrap assets themselves. Galaxy handles the wrapping on their behalf, creating a simplified and operationally seamless experience.
“Institutions have been clear: the opportunity in onchain credit is real, but the infrastructure required to access it directly isn't something they want to build or own. GOFR is Galaxy’s answer to that challenge,” said Max Bareiss, Head of Lending at Galaxy. “We’ve combined the best available DeFi rates with first-loss protection and full operational management, so clients can access onchain credit, real risk management, and none of the operational burden.”
In connection with the launch, Galaxy is publishing the GOFR rate on its website as a public reference point for institutional participation in onchain financing, providing a daily view of indicative onchain financing rates across USDC, USDT, and ETH, with 7-day and 30-day averages**.
For more information, contact Galaxy’s Lending Desk to access institutional onchain lending rates and discuss allocation options.
*In a collateral loss or impairment scenario, our committed capital is intended to be drawn down prior to client capital, subject to applicable terms and conditions.
**Rates are indicative only, variable, and subject to change; actual terms are determined based on size, tenor, risk parameters, and operational considerations.
About Galaxy
Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com.
Investor Relations Contact: Jonathan Goldowsky - [email protected]
Media Relations Contact: Michael Wursthorn - [email protected]
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The information in this document may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended and "forward-looking information" under Canadian securities laws (collectively, "forward-looking statements"). Our forward-looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts, including statements about onchain business, are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this document are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (1) risks related to our blockchain infrastructure and staking business; (2) any delay or failure in successfully integrating the acquired company; (3) changes in applicable laws or regulations; (4) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (5) changes or events that impact the cryptocurrency and AI/HPC industry, including potential regulation, that are out of our control; (6) the risk that our business will not grow in line with our expectations or continue on its current trajectory; (7) the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of it; (8) any delay or failure to consummate the business mandates or achieve its business pipeline goals; (9) liquidity or economic conditions impacting our business; (10) technological challenges, cyber incidents or exploits; and (11) those other risks contained in filings we make with the Securities and Exchange Commission (the "SEC") from time to time, including in our Quarterly Report on Form 10-Q, available at www.sec.gov. Factors that could cause actual results to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the digital asset market or general economic conditions; a delay or failure in developing infrastructure for our business or our businesses achieving our mandates; delays in integration of the acquired business; and changes in applicable law or regulation and adverse regulatory developments. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward-looking statements. Except as required by law, we assume no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements.
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