Grove, a credit protocol in the Sky ecosystem, is expanding to the Avalanche network with plans to deploy up to $250 million in tokenized credit products. This initiative involves investing in the Janus Henderson Anemoy AAA CLO Fund, which is issued by Centrifuge, a blockchain platform focused on asset tokenization. This expansion marks a significant entry of traditional finance into Avalanche's real-world asset ecosystem. Grove aims to enhance on-chain credit markets by leveraging its programmable capital tools alongside Avalanche's robust infrastructure. Grove's team includes professionals from major firms like Deloitte and Citigroup, who previously aided MakerDAO in expanding into tokenized Treasuries. This strategic move aligns with the growing trend of tokenization, aimed at making traditional assets more accessible to both crypto-native and institutional investors.

Source đź”—