Credit Protocol Grove Expands to Avalanche Network, Plans to Invest $250 Million in Tokenized Credit Products

By: theblockbeats.news|2025/07/28 13:42:15
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BlockBeats News, July 28th, according to Coindesk, the credit protocol Grove in the Sky ecosystem (formerly the MakerDAO ecosystem) announced on Monday that it will expand to the Avalanche blockchain network and plans to allocate up to $250 million in funding to tokenized credit products.

According to the announcement, Grove will invest in the Anemoy AAA-rated CLO fund (JAAA) issued by Janus Henderson through the blockchain tokenization platform Centrifuge. Janus Henderson, a globally leading asset management company with $373.0 billion in assets under management, has become one of the largest-scale attempts by traditional financial institutions to enter the Avalanche Real World Asset (RWA) ecosystem. Centrifuge will also launch the Janus Henderson Anemoy Treasury fund backed by U.S. Treasury bonds (JTRSY).

It is reported that the Grove team includes former members from Deloitte, Citi, and BlockTower, who previously helped MakerDAO expand the tokenized national debt market. The protocol plans to replicate this model in the structured credit space, providing a programmable channel for crypto-native investors and traditional investors to access the multi-trillion-dollar market.

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