Galaxy Digital Inc. (NASDAQ: $GLXY) is putting more capital behind institutional digital asset lending, taking a strategic stake in Digital Prime Technologies as the market looks for more structured ways to borrow and lend crypto at scale.

The investment, announced Tuesday, builds on Galaxy’s role as a launch participant on Tokenet, the institutional lending platform developed by Digital Prime Technologies in partnership with EquiLend. Tokenet went live in May and is designed to bring securities-lending style workflows, risk controls and lifecycle management into digital assets.

Financial terms were not disclosed, but Galaxy’s role makes the investment more than a passive backing. The firm was already a launch participant…