Grove Finance is unleashing a $250 million avalanche of on-chain structured credit, ploughing into Centrifuge’s JAAA fund and cranking Avalanche’s RWA flywheel to ludicrous speed.
Grove’s arrival is a full-body caffeine shot for Avalanche’s (AVAX) institutional ambitions: the ex-Steakhouse crew is wiring an on-chain credit router straight into the C-Chain, targeting $250M of tokenized senior paper on day one and a multi-billion pipeline right behind it.
First to hit the books is Centrifuge’s (CFG) Janus Henderson Anemoy AAA CLO Fund (JAAA), an investment-grade RWA that now breathes natively on Avalanche.
Why This Is A Big Deal
Click-to-underwrite: Grove’s programmable credit engine can fund, redeem, or re-hedge JAAA tranches inside a single block; T+2 settlement fossils disintegrate on contact.
Carry buffet: Marry JAAA’s SOFR-plus coupons with AUSD borrows on Benqi, loop the spread, and let the vault auto-roll the paper while you sip cold brew.
Collateral candy: JAAA ERC-20s are money-good in Benqi, SteakHut, and Curve (CRV) CDPs - lever the lever until VaR alarms bark, then rinse-repeat.
Avalanche earned the mandate with sub-second deterministic finality (no CLO slice sniped mid-rebalance), rock-bottom fees for micro-clip routing, and subnet isolation that keeps compliance teams from chewing drywall.
Its RWA résumé (BlackRock’s BUIDL, Apollo’s ACRED, KKR’s health-care fund, WisdomTree’s trio of treasuries) already screams “real money lives here,” and Grove’s structured-credit cannon just turned up the volume another octave.
And the cast list seals it: Centrifuge (OG RWA rails), Grove (credit-strategy savants), Janus Henderson (wrangling $373B IRL). The plot is simple: pour private credit on-chain, stack payment-finance, ABS, and other juicy slices until TradFi desks are forced to bridge in or watch fee income melt.
Expect synthetic repos, revolving credit facilities, maybe even whole-business securitisations once the router’s humming.
Zooming out, every fresh vault lights up more Avalanche liquidity, deeper RWA order books, and fatter leverage loops; quietly morphing the chain into the Bloomberg Terminal for programmable fixed income.
It's not another sleepy “T-bill on-chain” press blast, this is a nine-figure credit book running at internet cadence. No spreadsheets, no banker gatekeepers, just pure programmable capital. Avalanche sits at the control panel; the next-gen bond market just booted up.
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