Avalanche gains $250M RWA boost with Grove, Janus Henderson funds

Key Points

1. Grove is partnering with Janus Henderson to launch two tokenized products on Avalanche: the Janus Henderson Anemoy AAA CLO Fund (JAAA) and the Janus Henderson Anemoy Treasury Fund (JTRSY).

2. JAAA provides exposure to the collateralized loan obligation (CLO) market, while JTRSY offers access to short-term US Treasury bills, both issued through Centrifuge.

3. The initiative will more than double Avalanche's RWA footprint, increasing its current $195 million in onchain RWA value.

4. Ethereum remains the dominant network for RWAs (59% market share), but platforms like Avalanche and Aptos are gaining traction in tokenization.

5. Aptos has seen growth in tokenization driven by issuers like BlackRock and Franklin Templeton, with the US GENIUS Act expected to further accelerate RWA adoption.