Manhattan, NY
Joined August 2010
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- Following1.7K
- Followers11.4K
- Likes3.8K
Pinned Tweet
We are one of the largest desks globally for all things crypto trading. The marketing team has done an excellent job with the website. Please reach out to me for anything Lending related. $GLXY
Max retweeted
Where does agentic trading go next? @Game_Set_Max, Head of Lending at Galaxy, thinks DeFi wins.
Agents don’t need a human counterparty. With preset liquidation levels and onchain liquidity, they can borrow, trade, short, and repay atomically.
The clip here ⬇️
Max retweeted
Galaxy’s $100M sUSDS allocation builds on an existing relationship across Sky Ecosystem.
@Game_Set_Max, Head of Lending at @galaxyhq, explains how working with @sparkfinance and @grovedotfinance helped lay the foundation.
Watch the clip ↓
Max retweeted
What does institutional crypto credit look like from the inside?
The parties who run onchain lending at institutional scale sat down to discuss how that business works today and what's changing as it moves onchain.
On stage:
@Game_Set_Max (Galaxy)
@lauri_valos (Valos)
Sangrok Oh (Hyperithm)
Moderated by @WojtekP (Accountable)
00:00 Intros and business models
03:52 Lending without collateral
05:32 Getting financing after 2022
09:19 Audited financials and lender trust
14:39 Moving a loan book onchain
20:06 Permissioned vs permissionless lending
23:00 Keeping loan terms private onchain
27:26 Plans for 2026 and beyond
The @galaxyhq team was onsite last week at Money 20/20 meeting with clients and partners.
Some key themes heard on the ground:
1. Banks are leaning into crypto-collateralized lending. Institutions are exploring how to participate, whether by partnering with specialized lenders or by considering BTC as collateral for their traditional finance clients.
2. Remittance companies are becoming financial platforms. Cross-border players are expanding into tokenized investment exchanges and offering credit to their clients.
3. Stablecoin infrastructure is getting competitive. Providers are pushing hard for market share, with a key lever being sharing most of the reserve yield with issuers.
4. Payments rails are going onchain. Visa announced stablecoin payouts through Visa Direct, and Mesh will let users spend crypto and stablecoins at Visa merchants. Card programs, both traditional and crypto-based, keep multiplying, and agentic payments is emerging as an integral capability to these platforms.
The common thread here is convergence. Money movement, credit, and collateral are starting to run on the same rails. Onchain finance is past the pilot phase, and the question now is how institutions compete once those lines disappear.
Max retweeted
Inside the Galaxy x Sky Ecosystem partnership.
@gregfeibus, @John__Conneely, @Game_Set_Max and Nick Parsons discuss Galaxy’s $100M sUSDS allocation, institutional collateral and its work with Spark and Grove.
Watch the full conversation ↓
youtu.be/aoKPuudHYbg
TradFi and digital assets are coming together.
At the New York @Equilend User Conference, the message on 'The Path to Digital Assets' panel was clear: the main players in traditional markets are building blockchain rails.
This isn't about chasing the trend. It's about building the infrastructure.
Looking forward to speaking at DeFinition Singapore on October 7 during TOKEN2049.
Lending is one of the most important building blocks in digital assets, and I'm excited to share how we're thinking about it at Galaxy and to hear from others shaping the space. If you'll be there, I'd love to meet up.
Max retweeted
Institutional crypto credit is scaling.
The mechanics are now sharper than in 2022, but has the risk actually changed?
On this topic, we'll have on stage:
Max Bareiss, @galaxyhq
Lauri Marekwia, @Valos_io
Sangrok Oh, @hyperithm
Wojtek Pawlowski, @AccountableData
Great conversation with @BitcoinJesusETH and @gregfeibus on the latest Milk Road Crypto episode. We got into where institutional DeFi is headed and why that matters right now.
Worth a listen.
.@galaxyhq putting $100M into @SkyMoney's sUSDS matters for one reason:
They’re not treating DeFi like a speculative trade.
They’re using it for treasury management, liquidity and collateral - the same jobs traditionally handled by cash and T-bills.
That’s a very different stage of adoption.
FT @BitcoinJesusETH @Game_Set_Max @gregfeibus
⏱ TIME POINTS ⏱
00:00 - Intro
01:04 - Galaxy x Sky Partnership
03:10 - Why Galaxy Holds $100M sUSDS
05:37 - sUSDS as Yielding Collateral
07:25 - Milk Road PRO
07:47 - sUSDS as an On-Chain Treasury
10:28 - Galaxy & Sky Partnership History
13:18 - Why Galaxy Trusts Sky
15:36 - Why Galaxy Bought SKY
16:44 - What’s Driving Sky’s Growth?
24:34 - Sponsor: Nexo
25:12 - What Institutions Need From DeFi
28:06 - Institutional On-Chain Credit
31:26 - Clarity Act & Stablecoin Yield
32:53 - How Sky Is Pitching sUSDS
36:23 - What’s Next for Galaxy Lending
37:43 - Wrap-Up
Excited to deepen @galaxyhq's relationship with Sky Protocol. A few things this partnership unlocks for our clients:
- Expanded warehouse credit from Sky, giving our institutional platform more room to grow.
- New tri-party borrowing structure tied to Galaxy's Onchain Financing Rate with exposure to more diversified funding and efficient financing for our clients.
- Continued build-out of the onchain financing infrastructure our 1,600+ trading counterparties rely on.
@SkyEcosystem has been a trusted partner as we've scaled our onchain lending business. Glad to be building the next chapter of that relationship together.
This quoted post is unavailable.
Max retweeted
Tokenized-stock underwriting, according to @galaxyhq’s Max Bareiss (@Game_Set_Max):
• Look through the wrapper
• Understand who has control
• Underwrite the entire structure
Skip the homework and you may get “hosed” by collateral you never understood.
Watch the full episode! membranelabs.com/podcast-tok…
Max retweeted
Confirmed for DeFinition: @Game_Set_Max
Head of Lending at @galaxyhq, a Nasdaq-listed digital assets and AI infrastructure company, with $8B in assets under management.
Singapore, October 7
Max retweeted
Your collateral trades 24/7.
Your custodian’s SLA says business hours.
A margin call before a holiday weekend can suddenly become 5 days of risk.
@galaxyhq’s Max Bareiss (@Game_Set_Max) explains why control means very little if the lender can’t exercise it quickly.
Full episode: membranelabs.com/podcast-tok…
Max retweeted
What Makes a Tokenized Security Financeable? @galaxyhq , @SuperstateInc & @Membrane_Labs
Max Bareiss (@Game_Set_Max), Head of Lending at @galaxyhq, and Jim Hiltner, Co-founder and Head of Business Development at @SuperstateInc, join Carson Cook (@LiquidityWizard) and David Golding (@davidbgoldd) of Membrane Labs to work through the answer.
The discussion gets into ownership, control, liquidity, custody and what lenders need before treating a tokenized security as collateral.
Watch the full podcast episode on YouTube: youtu.be/eBUC-8E3SrA
Chapters:
00:00 Introduction
00:48 What have tokenized securities proven?
14:26 Would Galaxy lend against tokenized GLXY?
19:43 Redemption and paths to liquidity
20:55 A 24/7 asset with five days of risk
27:14 What will bring more institutions onchain?
BTC is up 10% day over day. Our rates are not.
GOFR continues to see strong market demand, USDC borrowing - 3.79% and USDT - 3.26% today.
If interested, please reach out to us at lending@galaxy.com
galaxy.com/gofr
Max retweeted
Q2 2026 leverage report from @glxyresearch is out!
The lending deleveraging cycle continues, but has been more orderly than that of past cycles. The gradual pace points to healthier, step-wise risk reduction rather than forced liquidations and counterparty failures.
More 👇
Max retweeted
$100 million*. That’s what Galaxy is putting behind the Galaxy Onchain Financing Rate (GOFR). If there’s ever an exploit, that capital absorbs the impact first, standing between risk and the people who trust us with their Bitcoin.
Learn more: galaxy.visitlink.me/-fqNUT
*With specific regard to any and all statement related to Galaxy’s commitment of $100 million of its own equity as first-loss capital, in a collateral loss of impairment scenario, Galaxy’s committed capital is intended to be drawn down prior to client capital, subject to all cases to applicable terms and conditions.
Max retweeted
Why work with Galaxy instead of managing DeFi exposure directly?
@Game_Set_Max explains how the Galaxy Onchain Financing Rate (GOFR) is a risk-adjusted blended rate across every protocol we're borrowing on, rebalanced as conditions shift, so clients get institutional-grade execution without watching the market.