News

The lawsuit filed by digital bank Revolut, Visa, and Mastercard in the UK against the regulatory cap policy on international transaction fees has been dismissed. The London High Court ruled that the UK Payment Systems Regulator has the authority to set price caps on cross-border interchange fees. Since Brexit, the relevant fee amounts have increased significantly. Visa and Revolut had initiated a judicial review in 2025, claiming that the regulator had exceeded its authority and affected market competition. As of press time, none of the three parties have responded to the ruling.

PANews reported on January 15 that Nasdaq-listed Galaxy Digital has announced the completion of its first tokenized collateralized loan obligation (CLO) on the Avalanche blockchain, named “Galaxy CLO 2025-1,” with a total size of $75 million. The related funds will be used to support Galaxy’s lending business, including financing an uncommitted credit facility provided to Arch Lending. It is reported that Galaxy’s lending team and digital infrastructure team were respectively responsible for the structuring and tokenization of this CLO, while Galaxy Asset Management is in charge of the issuance and management of the collateralized loan obligation.

BlockBeats News, January 15, Galaxy has completed the issuance of Galaxy CLO 2025-1, a newly issued Collateralized Loan Obligation (CLO) and Galaxy's first CLO project, which will be used to support its lending business. The debt tranches of this CLO were issued and tokenized on the Avalanche chain, and the related tokens have been listed on the INX platform, open for trading to qualified investors. The initial issuance size of Galaxy's tokenized CLO is $75 million, with Grove providing a core allocation of $50 million. This allocation further advances Grove's previous deployment of $250 million in tokenized real-world assets (RWA) on Avalanche.