defi
Galaxy Tokenizes First CLO on Avalanche With $50M Grove Allocation
📰 sources⭐ 8.0
TL;DR:
Galaxy CLO 2025-1 totals $75 million and brings a private credit deal onchain.
Key Points:
Background:
Decentralized Finance (DeFi) refers to financial services built on blockchain networks without traditional intermediaries.
Why It Matters:
This development could influence AVAX price action and market sentiment in the near term.