Grove to Bring $250M of Tokenized Lending Products to Avalanche
Date: 2025-07-29 Author: Gabriel Deangelo Categories: BUSINESS
Grove, a lending protocol within the Sky ecosystem (formerly known as MakerDAO), has announced the launch of new infrastructure on the Avalanche blockchain. The project aims to offer up to $250 million in tokenized assets, a major step toward expanding on-chain tools for institutional investors.
The initiative will feature two key products: the Janus Henderson Anemoy AAA CLO Fund (JAAA) and the Janus Henderson Anemoy Treasury Fund (JTRSY). Both are built on the Centrifuge platform and are tokenized versions of traditional financial assets.
JAAA will provide access to the collateralized debt obligation market, while JTRSY will focus on short-term US Treasuries, offering an actively managed on-chain approach. Such products will provide institutions with convenient and secure ways to deploy capital via the blockchain.
The Grove team emphasizes that a full-fledged deployment of such an infrastructure requires not only assets, but also a technical environment that ensures high performance, reliable integration, and scalability. This is why the Avalanche blockchain was chosen for the hosting - due to its high transaction processing speed, focus on real-world assets (RWA), and an architecture that facilitates easy integration of various products.
Currently, the total RWA market on Avalanche is about $196 million, which corresponds to approximately 1.5% of the global segment. The implementation of Grove's plan has the potential to more than double this share, strengthening Avalanche's position as a promising platform for asset tokenization.
According to RWA.xyz, Ethereum leads the RWA market with a share of almost 55%, followed by ZKsync with 18.8%. The most popular RWA products are private credit instruments ($15.2 billion) and tokenized US bonds ($6.8 billion). The total capitalization of the sector, including stablecoins, reached $279 billion, adding about $100 billion in the first half of 2025.
RWA remains one of the most profitable trends in the crypto market. According to CoinGecko, in 2024, the yield in this segment reached an average of 820%, second only to AI and meme tokens. Grove expects to leverage this potential by offering institutional investors a reliable and flexible platform for working with tokenized assets.
