Tokenet Launches with Ten Partners Bringing Over $1 Billion in Digital Asset Lending Inventory
Key points
- Digital Prime Technologies' Tokenet digital asset lending platform went live in May 2026, with ten institutional launch partners announced on 29 July 2026.
- Launch partners include Galaxy Digital, Marex, Flow Traders, Clear Street, EDX Markets, Ripple Prime, QCP, GSR, StoneX Digital, and LTP, collectively representing over $1 billion in inventory and demand.
- EquiLend invested in Digital Prime last year and Galaxy invested last month; Galaxy is a top-five centralised lender in the digital asset space.
- Centralised digital asset lending is currently dominated by Tether, which holds a 62.25% market share according to Galaxy, highlighting the structural concentration Tokenet aims to address.
- The platform intends to expand from cryptocurrencies and stablecoins into tokenised and digital securities, with EquiLend's traditional finance network positioned as a key draw for institutional participants.
Digital Prime Technologies has gone live with Tokenet, its digital asset lending platform, naming ten institutional launch partners: Galaxy Digital, Marex, LTP, Flow Traders, Clear Street, EDX Markets, Ripple Prime, QCP, GSR, and StoneX Digital. The platform went live in May, with the expanded partner cohort announced on 29 July 2026. EquiLend, the major securities lending firm, invested in Digital Prime last year, with Galaxy following last month; Galaxy is also identified as a top-five centralised lender in the digital asset space.
Tokenet is designed to consolidate borrowing and lending requirements, margin management, and loan execution into a single venue. The strategic logic is straightforward: centralised digital asset lending is currently dominated by Tether, which holds a 62.25% market share according to Galaxy, leaving the sector concentrated and structurally fragile. A multi-party venue with institutional-grade margin and execution infrastructure creates conditions for that concentration to ease.
EquiLend chief executive Rich Grossi stated that the ten partners collectively represent more than one billion dollars in inventory and demand from day one. EquiLend’s involvement is a deliberate bridge to traditional finance, given the firm’s standing in conventional securities lending. The platform’s stated trajectory is to move beyond cryptocurrencies and stablecoins into tokenised and digital securities, making Tokenet a venue to watch as tokenised asset supply builds across regulated markets.
More on the wire
- Citi Plans Bitcoin Custody Service for Institutional Clients Later This Year
- Citi Plans Crypto Custody Launch This Year, Starting With Bitcoin
- U.S. Accounting Standards Group Proposes Stablecoins as Cash Equivalents
- US Treasury Proposes GENIUS Act Rules Defining Payment Stablecoin Issuance Jurisdiction