According to EquiLend, Galaxy Digital made a strategic investment in Digital Prime Technologies on June 23, supporting Tokenet, an institutional digital asset lending platform that launched in May 2026. Tokenet applies securities lending workflows, risk controls and lifecycle management to digital assets in partnership with EquiLend.
Galaxy reported an average loan book of $1.4 billion in Q1 2026 and operated with 1,691 trading counterparties. Tokenet is designed to bring standardized institutional workflows to digital asset lending, following the failures of earlier crypto credit platforms such as Celsius and BlockFi.