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Grove receives $1 billion support from Sky ecosystem to promote CLO asset on chain

PANews
PANews|6月 25, 2025 13:12
According to CoinDesk, the decentralized financial protocol Grove was officially launched today and received a $1 billion allocation from DeFi lending giant Sky ecosystem for investing in tokenized secured loan debt (CLO). Grove aims to introduce on chain capital into regulated traditional credit markets, providing real-world asset exposure for cryptocurrency projects. This agreement is the latest autonomous unit "Star" under the Sky "Endgame" program.
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