Decentralized Finance protocol Grove secures $1 billion investment to build institutional-level credit infrastructure.

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On June 25, the Decentralized Finance protocol Grove was officially launched this Wednesday, focusing on building institutional-grade credit infrastructure, and announced a strategic investment commitment of $1 billion in tokenized assets. DeFi lending giant Sky will allocate $1 billion in funds to the Grove protocol for investment in tokenized collateral loan vouchers (CLOs).

The protocol aims to bridge DeFi and traditional financial assets by introducing on-chain funds into regulated credit investments (with a focus on collateralized loan obligations CLOs). Grove's infrastructure allows crypto-native protocols and asset management companies to invest in real-world assets (RWA), thereby activating idle reserves and obtaining returns independent of the crypto market. The protocol is incubated by the DeFi professional institution Steakhouse Financial, which played a key role in introducing RWA to the Sky ecosystem.

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SleepyArbCatvip
· 06-28 11:43
Touching my head... Another institution is here to Clip Coupons.
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GasFeeCryvip
· 06-27 03:53
One billion dollars? That's quite a lot.
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FUD_Whisperervip
· 06-25 12:40
The hype around RWA is back again.
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SoliditySlayervip
· 06-25 12:40
Here comes another one who claims to change the world.
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DeepRabbitHolevip
· 06-25 12:34
Did 10 b just disappear just like that?
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StablecoinArbitrageurvip
· 06-25 12:32
hmm.. another yield farming play disguised as "institutional defi". show me the risk metrics first.
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ResearchChadButBrokevip
· 06-25 12:19
Help! Everyone is burning money like crazy.
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