Galaxy Digital has put money behind its conviction that crypto lending needs to grow up. The NASDAQ-listed firm announced a strategic investment in Digital Prime Technologies on June 23, aimed at building institutional-grade infrastructure for digital asset lending.
The investment deepens an existing relationship. Galaxy was an inaugural participant on Digital Prime’s Tokenet platform, which launched on May 14. Now it’s backing the company financially, though neither party disclosed the size of the deal.
What Tokenet actually does
Tokenet is an attempt to import established securities lending practices into the digital asset world. The platform, developed in collaboration with EquiLend, a major player in traditional securities finance, focuses on three pillars: standardized workflows, institutional-grade risk controls, and transparency across the lending lifecycle.
Max Bareiss, Head of Lending at Galaxy Digital, has been vocal about what he sees as the core problem. The gap between traditional operational standards and the tools currently available in digital asset markets is wide enough to keep many institutional players on the sidelines. Tokenet is designed to close that gap.
