Grove Plans to Deploy Janus Henderson Products on Avalanche, Potentially Expanding Tokenized US Treasurys and CLOs
Main Idea
Grove is deploying two Janus Henderson products on Avalanche blockchain, targeting $250 million in tokenized real-world assets (RWAs), including US Treasurys and CLOs, to expand Avalanche's RWA market.
Key Points
1. Grove is launching the Janus Henderson Anemoy AAA CLO Fund and Treasury Fund on Avalanche, aiming for $250 million in RWAs.
2. This deployment will more than double Avalanche's current RWA value, which is approximately $195 million across 29 assets.
3. Tokenizing US Treasurys and CLOs on Avalanche offers advantages like fractional ownership and improved transparency via blockchain.
4. Avalanche's high throughput, low fees, and scalable architecture make it an attractive platform for tokenizing real-world assets.
5. Grove Labs, incubated under Sky and backed by Steakhouse, brings credibility to the initiative.
Description
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