Galaxy Digital launches institutional USDC and USDT vaults on Solana through Kamino partnership.
DeFi & Yields ·
Galaxy Digital has launched institutional vaults for USDC and USDT on the Solana blockchain through a partnership with Kamino. The vaults are designed to serve institutional clients seeking stablecoin exposure on Solana, building on Galaxy Digital's existing infrastructure for institutional crypto access. This initiative reflects the firm's broader strategy of expanding product offerings across multiple blockchain networks and asset classes.
The collaboration between Galaxy Digital and Kamino combines institutional-grade custody and risk management with Kamino's on-chain liquidity infrastructure. Galaxy Digital, which operates as a diversified digital asset financial services firm focused on institutional trading and asset management, has positioned itself as a bridge between traditional finance and crypto markets. Kamino's technology enables the structuring and management of yield-generating positions on Solana for qualified institutional participants.
Details regarding the specific yield targets, fee structures, minimum capital requirements, and formal launch timeline remain to be disclosed. It is unclear whether additional stablecoins or asset classes will be added to the vault product line or whether expansion to other blockchains is planned.