TL;DR:
- Galaxy Digital made a strategic investment in Digital Prime Technologies, developer of Tokenet, an institutional digital asset lending platform.
- Tokenet was launched in May 2026 in partnership with EquiLend and applies traditional securities lending workflows to the digital asset market.
- The investment proceeds will be used to accelerate Tokenet’s development and expand its institutional client base.
Galaxy Digital invested in Digital Prime Technologies, a firm providing technology solutions for the institutional digital asset market. The transaction aims to consolidate the relationship that already existed between both companies: Galaxy participated as a founding client in the launch of Tokenet, the institutional digital asset lending platform developed by Digital Prime alongside EquiLend.
Tokenet came to market in May 2026 with the goal of bringing the operational standards of traditional securities lending to the digital asset segment, including risk controls, trade lifecycle management, and governance structures. The digital asset lending market has historically operated without the transparency and integrity frameworks that institutional clients demand in other asset classes.
Galaxy Digital: Institutional Lending with New Standards
Max Bareiss, head of lending at Galaxy Digital, noted that “the maturation of digital asset lending depends on infrastructure that institutions can trust from day one” and that the investment reflects the firm’s confidence in both the platform and the team behind it.
James Runnels, co-founder and CEO of Digital Prime Technologies, indicated that the transaction validates the purpose for which the platform was built: closing the gap between digital asset lending and the standards already applied in traditional markets. For Runnels, having Galaxy as both an active participant and an investor simultaneously is a signal of confidence in the direction of the market.
Nick Delikaris, Chief Product Officer at EquiLend, highlighted that the partnership with Digital Prime was born from the recognition that institutional clients need access to a lending mechanism that does not force them to compromise their operational standards. Galaxy’s investment, according to Delikaris, confirms that the market is moving in the right direction.
More Development and New Clients
Digital Prime will allocate the proceeds to accelerate Tokenet’s development and expand its institutional client base. EquiLend, for its part, will continue contributing its global network as a distribution foundation to scale the platform within the institutional lending community.
