cryptonews.net
Grove, an institutional credit infrastructure protocol, has announced a strategic partnership with Centrifuge, a platform for tokenized assets and onchain asset management. As part of the agreement, Grove has acquired an initial position of 37.8 million $CFG tokens.
Its infrastructure has supported Grove investments in products such as ACRDX from Apollo, as well as JAAA and JTRSY from Janus Henderson. Together, the companies aim to support the growth of more liquid and scalable onchain credit markets.
With its $CFG position, Grove becomes a governance-aligned stakeholder in the Centrifuge ecosystem. The companies said the move will strengthen their long-term cooperation and connect Grove’s capital allocation infrastructure with Centrifuge’s tokenization and distribution technology.
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