Newest 'Star' in Sky Ecosystem Launches With $1B Tokenized Credit Strategy

Description

Grove, a new decentralized finance (DeFi) protocol focused on institutional-grade credit infrastructure, emerged from stealth on Wednesday with a $1 billion commitment to a tokenized asset strategy.

Authors

Krisztian Sandor

Publish date

June 25, 2025

Publisher

CoinDesk

Web URL

https://www.coindesk.com/business/2025/06/25/newest-star-in-sky-ecosystem-launches-with-1b-tokenized-credit-strategy

Referenced by

Sky invests $1B in Grove’s onchain CLO

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Grove, a new decentralized finance (DeFi) protocol focused on institutional-grade credit infrastructure, emerged from stealth on Wednesday with a $1 billion commitment to a tokenized asset strategy.

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Quote

The launch also marks Grove’s debut as the latest "Star" within the Sky Ecosystem, one of the largest and longest running DeFi lender formerly known as MakerDAO. Sky is undergoing an overhaul called Endgame that breaks the protocol into autonomous units called "stars," each responsible for its own governance and innovation at the edge of the ecosystem.

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