Digital Prime Technologies Launches Tokenet with EquiLend Partnership, Bringing Institutional-Grade Standards to Digital Asset Lending

Rhea-AI Summary

Digital Prime Technologies launched Tokenet, an institutional digital asset lending platform, now live with first trades executed. Galaxy Digital (Nasdaq: GLXY) is among the inaugural participants, joining a growing group of firms that have committed to use Tokenet.

Tokenet applies securities lending best practices to digital assets, offering multi-custodian collateral management and full loan lifecycle tools. A partnership with EquiLend leverages its global institutional network to expand Tokenet’s reach across the securities finance community.

AI-generated analysis. Not financial advice.

Positive

• Tokenet institutional digital asset lending platform is live with trades executed
• Galaxy Digital (Nasdaq: GLXY) is an inaugural Tokenet launch partner
• Multiple digital asset firms have already committed to adopt the Tokenet solution
• EquiLend partnership expands Tokenet’s reach via a global institutional network
• Platform offers multi-custodian collateral management and full loan lifecycle tools

Negative

• None.

Key Figures

Launch date: May 14, 2026

1 metrics

Launch date May 14, 2026 Announcement date for Tokenet institutional digital asset lending platform

Market Reality Check

Price: $30.81 Vol: Volume 4,246,723 is at 0....

normal vol

$30.81 Last Close

Volume Volume 4,246,723 is at 0.76x the 20-day average of 5,598,107, indicating subdued trading before this news. normal

Technical Shares at $30.81 were trading above the $27.28 200-day MA but 32.91% below the $45.92 52-week high.

Peers on Argus

GLXY was down 1.82% while key peers were mixed: SF -0.23%, EVR -0.64%, JEF +2.46...

GLXY was down 1.82% while key peers were mixed: SF -0.23%, EVR -0.64%, JEF +2.46%, HLI +1.71%, NMR +1.13%, suggesting stock-specific factors rather than a sector-wide move.

Previous Partnership Reports

1 past event · Latest: Aug 07 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Aug 07	Strategic partnership	Positive	+2.7%	DDC Enterprise collaboration to use Galaxy’s institutional trading and treasury platform.

Pattern Detected

Prior partnership news for Galaxy coincided with a positive single-day move in the stock.

Recent Company History

Galaxy’s recent news flow has focused on expanding institutional and infrastructure capabilities, including a prior partnership where DDC Enterprise tapped Galaxy’s trading platform, treasury tools, and multi‑custodial model. That Aug 07 2025 collaboration tagged as a partnership saw a 2.74% 24‑hour price gain. Today’s EquiLend‑linked Tokenet launch continues the theme of Galaxy acting as a key institutional player in digital assets and market infrastructure.

Historical Comparison

+2.7% avg move · Past partnership news for Galaxy produced an average 2.74% 24‑hour move, offering a benchmark for ho...

partnership

+2.7%

Average Historical Move partnership

Past partnership news for Galaxy produced an average 2.74% 24‑hour move, offering a benchmark for how the stock has historically reacted to new institutional collaborations.

Partnership history highlights Galaxy’s role as infrastructure provider for institutional digital asset trading and treasury, now extending into lending workflows via Tokenet.

Regulatory & Risk Context

Active S-3 Shelf · $500,000,000

Shelf Active

Active S-3 Shelf Registration 2026-05-08

$500,000,000 registered capacity

Galaxy has an effective S-3ASR shelf filed on 2026-05-08, including a sales agreement prospectus for up to $500,000,000 of Class A common stock under an at-the-market program with Jefferies, BNY Mellon Capital Markets, and UBS.

Market Pulse Summary

This announcement highlights Galaxy’s role as an inaugural participant on Tokenet, an institutional ...

Analysis

This announcement highlights Galaxy’s role as an inaugural participant on Tokenet, an institutional digital asset lending platform built around securities lending workflows and risk controls. It extends a pattern of partnerships that position Galaxy as a core infrastructure provider for institutions. Investors may watch how volumes, counterparties, and product breadth evolve on Tokenet, while also considering Galaxy’s effective shelf registration and $500,000,000 ATM capacity disclosed in recent SEC filings.

Key Terms

digital asset lending, securities lending, collateral, mark-to-market

4 terms

digital asset lending financial

"Tokenet, its institutional digital asset lending platform, with the first trades now"

Digital asset lending is the practice of loaning or borrowing digital tokens—like cryptocurrencies or tokenized assets—so lenders earn interest and borrowers get cash or other tokens while often putting up crypto as security. It matters to investors because it can generate income or provide liquidity, but also adds risks such as borrower default, rapid changes in token prices, or technical failures; think of it like a high-speed pawnshop for digital valuables.

securities lending financial

"Tokenet applies proven securities lending best practices to digital assets"

Securities lending is when an owner of stocks or bonds temporarily loans them to another party, usually so the borrower can sell them short or meet settlement needs; the lender receives a fee and typically some form of security in return. Investors should care because lending can generate extra income on holdings and affects market liquidity and short-selling activity, much like renting out a spare room brings income while someone else uses the space.

collateral financial

"manage collateral through a multi-custodian model, and access end-to-end loan"

Collateral is an asset a borrower pledges to a lender as security for a loan; if the borrower fails to repay, the lender can take the asset to recover losses. For investors, collateral matters because it reduces lender risk, influences interest rates and loan terms, and determines who gets paid first if a company faces financial trouble—think of it like a pawned item that gives the lender extra protection.

mark-to-market financial

"including rerates, recalls, returns, and mark-to-market functionality - through an"

"Mark-to-market" is a method of valuing assets or investments based on their current market price, rather than their original cost or value. It helps investors see the most up-to-date worth of their holdings, much like checking the latest price of a stock before deciding to buy or sell. This approach ensures that financial statements reflect real-time value, providing a clearer picture of overall financial health.

AI-generated analysis. Not financial advice.

Digital Prime's platform is now live. Galaxy Digital among inaugural launch partners.

NEW YORK, May 14, 2026 /PRNewswire/ -- Digital Prime Technologies, a provider of digital asset technology solutions, today announced the launch of Tokenet, its institutional digital asset lending platform, with the first trades now successfully executed on the platform.

Galaxy Digital (Nasdaq: GLXY), a leading digital asset firm providing trading, asset management, investment banking, and custody services, is among the first participants live on the platform. Galaxy joins a large and expanding group of digital asset firms that have committed to the Tokenet solution, reflecting strong early adoption across the market.

Tokenet applies proven securities lending best practices to digital assets, delivering the structure, transparency, and lifecycle discipline that institutional participants require. The platform enables firms to post borrow needs and lending availability, manage collateral through a multi-custodian model, and access end-to-end loan lifecycle management - including rerates, recalls, returns, and mark-to-market functionality - through an enterprise-grade system.

Digital asset lending has historically suffered from fragmented and opaque practices, limited collateral transparency, and a lack of standardized workflows. Digital Prime's Tokenet addresses these structural gaps by bringing the same governance, risk controls, and operational rigor that underpin traditional securities finance to the digital asset space.

Through their partnership, Digital Prime will leverage EquiLend's institutional network to extend Tokenet's reach to a broader base of securities finance participants. EquiLend's global network provides the distribution foundation for Tokenet to scale within the institutional lending community.

"Tokenet is the first digital asset lending platform built to satisfy institutional standards by mirroring the workflows, risk controls, and lifecycle management our clients already rely on. Through our partnership with Digital Prime, we are creating a seamless path into a hybrid environment capable of handling both digital and traditional assets," said Nick Delikaris, Chief Product Officer, EquiLend.

"Galaxy is one of the largest institutional lenders in the digital asset space, and the gap between our operational standards and the tools available has been real. Tokenet closes that gap. The workflows, the risk controls, and the transparency are what institutional participants have been looking for," said Max Bareiss, Head of Lending, Galaxy Digital.

"Tokenet is live, trades are flowing, and the market now has an institutional-grade platform for digital asset lending with the depth and full front-to-back capabilities required by today's participants. This is what Digital Prime Technologies was built to deliver, and having EquiLend's network behind us means we're bringing it to a broader set of market participants," said James Runnels, Co-Founder and CEO of Digital Prime Technologies.

For more information on EquiLend's partnership with Digital Prime Technologies, view our press release here.

About EquiLend
EquiLend is a global financial technology firm offering Trading, Workflow Tools, Data & Insights, and Digital Solutions for the securities finance industry. With offices in North America, EMEA and Asia-Pacific, EquiLend operates across various jurisdictions worldwide, adhering to the highest regulatory standards.

The company is committed to excellence and innovation and is consistently recognized for its contributions to the industry. EquiLend is Great Place to Work Certified™ in the U.S., UK, Ireland and India and has been awarded Global Data Provider of the Year and Regulatory Solution of the Year in the Securities Finance Times Industry Excellence Awards 2025.

For more information, please visit  www.equilend.com.

About Digital Prime Technologies
Through a multi-faceted product suite, Digital Prime Technologies enables its clients to quickly and easily deploy a full suite of digital asset solutions spanning execution, prime brokerage and lending. The digital assets sector is complicated and evolving rapidly, Digital Prime Technologies is built on TradFi principles and industry practices that are core to US regulated securities markets. Digital Prime Technologies' offering allows broker-dealers and capital markets firms to transact in the digital asset space with robust and fully customizable services suited to their business and compliance needs.

For more information, please visit https://digitalprimetechnologies.com/.

Media Contact:
media@equilend.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/digital-prime-technologies-launches-tokenet-with-equilend-partnership-bringing-institutional-grade-standards-to-digital-asset-lending-302771895.html

SOURCE EquiLend

FAQ

What did Digital Prime Technologies launch with Galaxy Digital (Nasdaq: GLXY) on May 14, 2026?

Digital Prime Technologies launched Tokenet, an institutional digital asset lending platform, with Galaxy Digital (Nasdaq: GLXY) as an inaugural participant. According to Digital Prime, Tokenet is live, with first trades executed and multiple firms committed to using the platform.

How does Tokenet improve digital asset lending for institutional investors in GLXY and other assets?

Tokenet introduces institutional-style structure, transparency, and lifecycle discipline to digital asset lending. According to Digital Prime, it mirrors proven securities lending workflows, adds robust risk controls, and manages collateral via a multi-custodian model, aiming to address fragmented and opaque practices in digital asset lending.

What role does EquiLend play in the Tokenet and Digital Prime partnership?

EquiLend provides the distribution network to scale Tokenet within the institutional lending community. According to Digital Prime, the partnership leverages EquiLend’s global securities finance network to extend Tokenet’s reach to a broader base of institutional participants seeking digital asset lending solutions.

Why is Galaxy Digital (Nasdaq: GLXY) participating in Digital Prime’s Tokenet platform?

Galaxy Digital joined Tokenet to access workflows and risk controls aligned with its institutional standards. According to Galaxy, a gap existed between its operational requirements and available tools, and Tokenet’s transparency and lifecycle management features help close that gap in digital asset lending.

What features does Tokenet offer for managing institutional digital asset loans?

Tokenet lets firms post borrow needs and lending availability, manage collateral, and oversee full loan lifecycles. According to Digital Prime, functionality includes rerates, recalls, returns, mark-to-market tools, and a multi-custodian model, all delivered through an enterprise-grade system for institutional participants.

How does Tokenet address structural challenges in the digital asset lending market?

Tokenet seeks to resolve fragmentation, opacity, and limited collateral transparency in digital asset lending. According to Digital Prime, it brings governance, risk controls, and operational rigor from traditional securities finance into digital assets, aiming to provide standardized workflows for institutional market participants.