Orrick, Herrington & Sutcliffe LLP
03/26/2026 | Press release | Distributed by Public on 03/26/2026 09:08
Orrick Advises Galaxy Digital on First-of-its-Kind Onchain Credit Product
Orrick Advises Galaxy Digital on First-of-its-Kind Onchain Credit Product
Galaxy Digital (NASDAQ: GLXY) announced the successful closing of Galaxy CLO 2025-1, a new-issue collateralized loan obligation (CLO) that is tokenized on the Avalanche blockchain.
Orrick advised Galaxy Digital.
THE COMPANY
Galaxy Digital is a global leader in digital assets. Their digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody and tokenization technology.
THE IMPACT
By tokenizing the CLO, Galaxy has taken a major step in bringing private credit onchain, unlocking the potential for instant settlement, enhanced structural transparency, improved secondary-market liquidity, and more efficient use of collateral.
This innovative transaction marks a historic milestone that opens the door for institutional engagement in credit markets onchain. It demonstrates that institutional-grade securitization structures and credit can be brought onchain without sacrificing the rigor, compliance, or standards required by institutional investors.
THE TEAM
The team was led by Orion Mountainspring and included Alexander Radisich, Joseph Perkins, James Larkin, Nathaniel Reisenburg and Adriana Rosa Sunkaraneni.
LEARN MORE
Orrick, Herrington & Sutcliffe LLP published this content on March 26, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 26, 2026 at 15:08 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]