Grove launches a $1 billion liquidity facility to support instant redemption of tokenized funds such as BlackRock BUIDL.
According to ChainCatcher, blockchain credit infrastructure company Grove has launched a liquidity network called Basin, initially capable of providing up to 1 billion US dollars in stablecoin liquidity per day to support instant redemptions for tokenized US Treasury funds such as BlackRock BUIDL and Janus Henderson Anemoy Treasury Fund (JTRSY).
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