Grove is deploying two Janus Henderson financial products—the Anemoy AAA CLO Fund and Treasury Fund—on Avalanche blockchain to tokenize $250 million worth of real-world assets (RWAs), including US Treasurys and collateralized loan obligations (CLOs).
This initiative will more than double Avalanche’s existing RWA value, currently standing at approximately $195 million across 29 assets. Tokenization enables fractional ownership and fosters enhanced transparency through blockchain-based record-keeping.
Avalanche’s high throughput, minimal fees, and scalable infrastructure position it as an ideal platform for institutional-grade RWA tokenization. Grove Labs, incubated under Sky and backed by Steakhouse Financial, adds institutional credibility to this significant expansion of on-chain real-world assets.