Grove’s contributors, origins, and incubation path

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Grove’s decentralized infrastructure will be incorporated into Janus Henderson Anemoy AAA CLO Strategy, a tokenized collateralized loan obligation fund launched in partnership with Centrifuge, a blockchain platform that specializes in real-world asset tokenization.
Grove's launch within the Sky ecosystem reflects its broader “Endgame” vision to restructure into autonomous entities called Stars, each independently managing governance and innovation, with Grove serving as one such Star.
Grove was developed by Grove Labs and incubated by Steakhouse Financial, a DeFi advisory firm known for pioneering RWA integration into Sky.
Grove’s core contributor team includes Mark Phillips, Kevin Chan, and Sam Paderewski, who bring prior experience from Deloitte, Citibank, BlockTower Capital, and Hildene Capital respectively.
Sky’s $1 Billion investment in Janus Henderson’s tokenized CLO fund (JAAA) represents a strategic move by Sky to diversify its reserves and strengthen the backing of DAI, a decentralized U.S. dollar-pegged stablecoin originally launched by Sky, by allocating into high-quality, real-world credit assets.

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Sky invests $1B in Grove’s onchain CLO

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