Avalanche is set to significantly expand its real-world asset (RWA) footprint with a $250 million boost, thanks to a new partnership between Grove and Janus Henderson. This collaboration will see two of Janus Henderson's funds deployed on the Avalanche blockchain, marking a major step forward for tokenization on the platform.
Grove and Janus Henderson Partner for RWA Expansion
Grove, an institutional-grade credit protocol, is bringing two key funds from asset management giant Janus Henderson Anemoy onto the Avalanche blockchain. This initiative aims to onboard $250 million in real-world assets, substantially increasing Avalanche's presence in the RWA sector. Janus Henderson Anemoy manages a substantial $373 billion in assets, encompassing mutual funds, ETFs, and alternative investments.
Key Funds Deployed on Avalanche
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Janus Henderson Anemoy AAA CLO Fund (JAAA): This fund provides exposure to the collateralized loan obligation (CLO) market, a vital component of the credit and fixed-income landscape. JAAA was issued on-chain via Centrifuge, a platform known for tokenizing assets like the S&P 500 Index fund.
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Janus Henderson Anemoy Treasury Fund (JTRSY): This actively managed onchain fund offers access to short-term U.S. Treasury bills. It currently holds over $408 million in assets, primarily on the Ethereum network, and is also being issued through Centrifuge.
Impact on Avalanche's RWA Ecosystem
This deployment is expected to more than double Avalanche's total onchain value for RWAs. Currently, Avalanche hosts 29 RWAs valued at approximately $195 million. The influx of assets from Grove and Janus Henderson represents a significant leap in tokenized asset value on the network.
The Growing RWA Market
While Ethereum remains the leading blockchain for RWAs, capturing about 59% of the market, other networks like Aptos are rapidly gaining traction. Issuers such as BlackRock and Franklin Templeton are driving tokenization on Aptos. Solana, Stellar, and Algorand are also experiencing increased adoption in the RWA space. Industry reports indicate that the RWA market has historically been dominated by private credit and U.S. Treasury bonds, but emerging areas like equities and commodities are poised for growth.
Sources
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Grove Deploys Janus Henderson CLO & Treasury Funds on Avalanche, Cointelegraph.
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