Galaxy has played this brilliantly—turning on-chain protocols into enterprise-grade services, while putting up a $100 million backstop. This cuts the entry barrier for traditional capital in half.

According to Bijie.com news, Wu said he learned that Galaxy has launched an on-chain financing plan GOFR for institutions, high-net-worth individuals, and qualified investors, with a minimum loan size of $1 million. Galaxy will integrate the variable interest rates from on-chain lending protocols such as AAVE, Morpho, Spark, and Kamino into a single composite interest rate. Customers can transact directly with Galaxy as the counterparty, without having to manage their own wallets, private keys, or smart contracts. In addition, Galaxy will contribute up to $100 million of its own funds as first-loss protection, and will support customers in using native BTC directly as collateral.