Sky approves $1 billion allocation for Janus Henderson's onchain fund using fresh-out-of-stealth Grove infrastructure

Description

Grove, a DeFi-focused institutional-grade credit infrastructure protocol that part of the Sky ecosystem, launched out of stealth Wednesday in a big way.

Authors

MK Manoylov

Publish date

June 25, 2025

Publisher

The Block

Web URL

https://www.theblock.co/post/359687/sky-approves-1-billion-allocation-for-janus-hendersons-onchain-fund-using-fresh-out-of-stealth-grove-infrastructure

Referenced by

Sky invests $1B in Grove’s onchain CLO

Crypto news

News story

Grove is developed by Grove Labs, which is owned by the DeFi-focused financial advisory firm Steakhouse Financial, which itself was incubated by the Sky ecosystem most known for launching the DAI and USDS stablecoins.

Crypto news

Quote

Sky rebranded from MakerDAO, the organization behind the longstanding Ethereum-based algorithmic stablecoin DAI, and rolled out a new stable asset called Sky Dollar (USDS) in August 2024.

Crypto news

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