The lending protocol Grove, part of the Sky ecosystem (formerly MakerDAO), is set to launch an infrastructure on the Avalanche blockchain for tokenized assets worth up to $250 million.
Grove expands to @avax.
With a $250M target deployment into tokenized institutional credit strategies, @JHIAdvisors’ JAAA and JTRSY, Grove is laying the foundation for scalable, institutional credit onchain.
What this unlocks → https://t.co/bEJFc8yC5G pic.twitter.com/glJ5gKJnZh— Grove Finance (@grovedotfinance) July 28, 2025
Initially, the project will roll out two products: the Janus Henderson Anemoy AAA CLO Fund (JAAA) and the Janus Henderson Anemoy Treasury Fund (JTRSY).
Both instruments are tokenized through the Centrifuge platform.
JAAA provides access to the collateralized loan obligations market. JTRSY is an actively managed on-chain fund investing in short-term U.S. Treasury bills.
“Deploying structured credit on the blockchain requires more than just access to assets. It necessitates infrastructure capable of supporting institutional execution, composability, and scalability of operations,” Grove stated.
According to the project team, Avalanche meets these requirements in three key areas:
- performance, ensuring speed and reliability of capital movement;
- compliance with RWA requirements, as the network has long specialized in the use of real-world assets in finance;
- composability—the blockchain architecture provides seamless integration of credit products into workflows.
The RWA market volume on Avalanche is approximately $196 million. The blockchain’s share in the segment slightly exceeds 1.5%. Should Grove’s plans come to fruition, this figure will more than double.
Ethereum dominates the RWA sector, holding nearly 55% of the market. ZKsynk accounts for 18.8%.
In terms of products, private lending tools ($15.2 billion) and tokenized U.S. Treasury bonds ($6.8 billion) are in highest demand.
Including stablecoins, the segment’s capitalization reaches $279 billion. In the first half of 2025, this figure increased by approximately $100 billion.
Back in 2024, CoinGecko identified RWA as one of the most profitable narratives. With an average return of 820%, the segment was second only to AI and meme coins.