🚀 Grove Finance launches on Avalanche with a plan for up to $250 million in tokenized assets through Janus Henderson and Centrifuge
— Investments will be directed into two institutional products: Anemoy AAA CLO Fund (CLO bonds) and Anemoy Treasury Fund (short-term US Treasurys)
— This initiative doubles the current volume of RWA on Avalanche (from $195 million to ~$445 million) and strengthens the platform's positioning as infrastructure for institutional financing
— The partnership of Grove, Centrifuge, and Janus Henderson ($373 billion AUM) marks a new scale of development for traditional assets on the blockchain
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An interesting move: Avalanche may become a hub for RWA financing.
