NAV Fund Services Chosen as Service Provider for Innovative Galaxy CLO Offering

NAV Fund Services has been named as a service provider for Galaxy Digital Inc.'s CLO 2025-1, a new-issue collateralized loan obligation (CLO) structured credit offering that is tokenized on the Avalanche blockchain. The CLO will be used to support Galaxy's lending activities and represents Galaxy's first CLO issuance. By tokenizing the CLO, Galaxy has taken a major step in bringing private credit onchain, unlocking the potential for instant settlement, full structural transparency, improved secondary-market liquidity, and greater collateral efficiency.

"NAV currently provides full administration services for several Galaxy funds, but we're thrilled Galaxy has trusted us with the opportunity to customize and tailor our support for the new CLO," said NAV Assistant Vice President Aditya Sharma. "We're excited to partner with Galaxy on this exciting new venture."

"We are pleased to have leveraged Galaxy's diversified business model to execute this first-of-its-kind transaction," said Chris Ferraro, President and Chief Investment Officer at Galaxy. "By uniting our strengths in debt capital markets, blockchain technology, and asset management, we're opening a new avenue for institutional engagement in credit markets."

The CLO reflects Galaxy's strategy to evolve its lending and asset management capabilities through the debt capital markets by scaling loan originations through a familiar, institutional framework. The new offering is financing an uncommitted credit facility provided to Arch Lending, a leading crypto lending platform backed by Galaxy Ventures that offers consumer loans overcollateralized with Bitcoin, Ethereum, and other digital assets.

Partnering with 1,000+ global digital assets funds, NAV holds about 35% of the digital assets fund administration market share and reached the $45 billion Assets Under Administration (AUA) milestone for digital assets funds in 2025 (out of a total $350 billion AUA), ranking NAV as the world’s largest digital asset fund administrator.

NAV supports 170+ exchange integrations, 200+ blockchain connections, and fund administration solutions for all digital asset strategies, including tokenized Real World Asset (RWA) funds. We partner with the world's largest tokenized funds, offering tailored digital transfer agent services, flexible workflow and API integrations, and comprehensive tracking and reporting.

Learn more about NAV’s digital assets and tokenized funds solutions.