K3 Capital Opens Credit Vault for Galaxy

K3 Capital, an investment firm specializing in DeFi strategies, has launched an on-chain credit facility for Galaxy through Accountable's blockchain verification platform infrastructure. The product is available on the Monad blockchain and has already attracted $30 million in committed capital. The companies plan to expand the facility to $100 million as new liquidity providers complete onboarding.

The vault is denominated in the AUSD stablecoin. Investors deposit funds into the vault, K3 Capital manages liquidity, while Galaxy, a digital asset financial services company, borrows the capital. All movements of funds, loan status, and interest payments can be verified on-chain through Accountable’s verification system.

The structure is designed for institutional investors. Each loan has a 90-day term with the option to roll it over, while up to 30% of deposited funds can be redeemed every month. The project also issues tokenized vault positions that can be used across other DeFi protocols on Monad, including for yield strategies and secondary lending markets.

Image: Magnific