Credit Agreement Grove expands to the Avalanche network and plans to invest US$250 million in tokenized credit products

According to Foresight News, according to Coindesk, Grove, a credit protocol in the Sky ecosystem (formerly the MakerDAO ecosystem), announced that it will expand to the Avalanche blockchain network and plans to allocate up to $250 million to tokenized credit products. According to the announcement, Grove will invest in the Anemoy AAA CLO Fund (JAAA) issued by Janus Henderson through the blockchain tokenization platform Centrifuge. Centrifuge will also launch the Janus Henderson Anemoy Treasury Fund (JTRSY) backed by U.S. Treasury bonds.

The Grove team includes former members from Deloitte, Citi and BlockTower, who have previously helped MakerDAO expand the tokenized Treasury bond market. The agreement plans to replicate this model into the structured credit space, providing crypto-native and traditional investors with programmable access to the trillion-dollar market.

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