[Galaxy Launches Institutional On-Chain Financing Program GOFR, Offering Up to $100 Million First-Loss Protection] Deep Tide TechFlow News, July 14 — According to official sources, Galaxy has announced the launch of its institutional-grade on-chain financing program GOFR (Galaxy On-Chain Financing Rate), allowing institutional clients to indirectly access on-chain credit markets through Galaxy at a single optimized interest rate, with Galaxy acting as the counterparty. In the initial phase, Galaxy will provide up to $100 million of its own capital as first-loss protection, supporting native Bitcoin as collateral without requiring clients to manage wallets, private keys, or directly operate smart contracts. GOFR is targeted at institutions, high-net-worth individuals, and qualified investors, with a minimum loan size of $1 million.