PRN · 2026-10-29 13:03 UTC

Institutional Use of Sky Protocol Deepens in Q3 as Net Revenue Rises 11.8% and Galaxy Adds $100M of sUSDS to Its Balance Sheet

Sky Protocol reported Q3 2026 net revenue of $37.19M, up 11.8% quarter-over-quarter, with net revenue margin widening to 37.5%. Galaxy Digital added $100M of sUSDS to its balance sheet and approved it as eligible collateral for institutional lending; sUSDS supply reached $4.52B. Moody's assigned its first counterparty risk rating to Sky Protocol; total expenses fell 16.0% to $62.10M while Sky Reserves reached $85.08M.

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