DeFi protocol Grove promises to invest $1 billion to promote the integration of traditional financial assets with DeFi

Odaily Planet Daily News: DeFi protocol Grove has announced a commitment of $1 billion to combine traditional financial assets with decentralized finance. The protocol focuses on mortgage obligations and provides access to real-world asset investments for crypto native protocols. Grove provides a channel for cryptocurrency native protocols and asset managers to invest in real-world assets (RWA) through its infrastructure, helping them put idle reserves into use and earn profits independent of the cryptocurrency market. （CoinDesk）