Galaxy partners with Sky Frontier Foundation, adds $100 million in sUSDS to treasury

Galaxy Digital has added $100 million in sUSDS to its corporate treasury. The move is part of a broader partnership with Sky Protocol and the Sky Frontier Foundation, announced on September 23, 2026. What Galaxy is actually doing The $100 million allocation comes straight from Galaxy’s own balance sheet. That detail matters, because it means the firm is committing its own capital rather than steering client money into the product. sUSDS is the savings version of USDS, the stablecoin at the center of the Sky ecosystem. Holders earn the Sky Savings Rate, which is variable. Galaxy has also approved sUSDS as collateral for its institutional lending operations. According to Max Bareiss, institutional clients can now post sUSDS against loans. They keep earning the Sky Savings Rate while it sits there as collateral. The scale of Galaxy’s lending desk gives the move weight. Its institutional trading business works with over 1,600 counterparties and runs an average loan book of $1.4 billion. Galaxy also bought an undisclosed quantity of SKY, the protocol’s governance token, as part of the deal. The company has not shared how much loan volume is currently backed by sUSDS. A relationship that...