Articles from Grove

Grove, an institutional-grade credit infrastructure protocol, today announced an expanded strategic partnership with Centrifuge, a tokenization and onchain asset management platform. As part of the parties' deepening strategic alignment, Grove has established an initial 37.8 million CFG token position. The partnership builds on the parties' longstanding protocol integration and is intended to support the continued growth of institutional-grade tokenized assets in onchain finance.

Grove, an institutional-grade credit infrastructure protocol designed to serve as the liquidity engine of onchain finance, today announced the launch of Grove Basin, programmable credit infrastructure designed to provide eligible investors with instant stablecoin liquidity for approved exits from tokenized offchain assets. Basin will offer up to $1 billion in committed daily liquidity, with BlackRock and Janus Henderson as initial asset management launch partners, and Securitize and Centrifuge as initial tokenization infrastructure partners.

Grove, an institutional-grade credit infrastructure protocol designed to serve as the liquidity engine of Decentralized Finance (”DeFi”), today emerged from stealth with a $1 billion allocation from the Sky Ecosystem (formerly MakerDAO) into the Janus Henderson Anemoy AAA CLO Strategy (JAAA), a tokenized, onchain vehicle launched in partnership with Centrifuge, using Grove’s decentralized infrastructure. The Sky ecosystem approved an allocation deployed using the Grove protocol infrastructure in the Janus Henderson Anemoy AAA CLO Strategy, the first CLO strategy to be available onchain. This milestone follows the breakout success of the Janus Henderson Anemoy Treasury Fund (JTRSY), one of the top five tokenized Treasury funds by AUM, launched earlier this year in collaboration between Centrifuge and Janus Henderson. Following that strong market adoption, Janus Henderson selected Centrifuge again to bring their flagship credit strategy onchain. Managed by the same portfolio managers behind Janus Henderson’s $21 billion AAA CLO ETF, this strategy offers global onchain investors an institutional-grade solution which seeks capital preservation with attractive yield—and an answer to the growing question: what comes after tokenized T-Bills?