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
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Grove is deploying
Latest News
- FUZZY PANDA SHORT RCAT2025-08-15 14:32:02
- OPENDOOR ANNOUNCES CEO SEARCH2025-08-15 13:03:49
- $USELESS listed on Binance futures2025-08-15 10:49:47
- BERKSHIRE HATHAWAY ADDS UNH, NUE, LEN, DHI, LAMR IN 2Q: 13F2025-08-14 20:18:07
- Lido Co-founder: Plans to use stETH to repurchase LDO mechanism, final repurchase plan to be determined by the end of the year2025-08-14 15:12:41