Galaxy Digital Invests in Tokenet Platform for Institutional Lending

Galaxy Digital made a strategic investment in Digital Prime Technologies, the developer of Tokenet, an institutional digital asset lending platform. Tokenet launched in May 2026 in partnership with EquiLend, one of the largest securities lending platforms in traditional finance. The platform applies EquiLend's established lending workflows to digital assets, an effort to bring standardisation to a market that still relies heavily on bilateral, bespoke agreements.

Galaxy Digital said the investment supports infrastructure that could reduce operational friction in digital asset lending. Tokenet's system handles loan origination, collateral management, and settlement through a single interface. EquiLend's existing network of more than 150 broker-dealers and asset managers provides a ready distribution channel.

The move comes as institutional demand for digital asset lending grows. Hedge funds, market makers, and custodians need reliable venues to borrow and lend crypto collateral. Most lending today happens over private desks or through fragmented platforms that lack the workflow tools common in equities and fixed income. Tokenet aims to close that gap by offering automated recall, margin management, and tri-party settlement.

Galaxy Digital has been expanding its lending and prime brokerage services over the last year. The firm's balance sheet supports a range of crypto derivatives and spot financing products. Investing in an external platform rather than building its own suggests Galaxy sees value in plugging into an existing network rather than replicating it.