Grove Establishes 37.8 Million CFG Holdings, Deepens Cooperation with Centrifuge
Grove Finance has announced a strategic investment in the Centrifuge ecosystem, holding an initial 37.8 million CFG, which accounts for approximately 5.4% of the total supply. Currently, over $1.27 billion in assets have been deployed through Centrifuge's infrastructure. Grove stated that this CFG holding marks a shift in the relationship from contractual integration to strategic collaboration, combining Centrifuge's tokenization and distribution infrastructure with Grove's capital allocation capabilities to promote the long-term development of the tokenized asset ecosystem.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Fission Secures $10 Million Led by Pantera, Providing Instant Exit Channels for Tokenized Funds

Polymarket's Unclear Token Issuance Plan Sparks Community Disappointment

Arrakis Study Shows On-Chain Dollar Yield Buyers Primarily Use Crypto-Native Funds

Centrifuge Launches Three Tokenized Funds on Arc

New York Life Partners with Centrifuge to Tokenize High-Yield Bond Strategy

RWA market reaches $34.18B as equities surge 390.4%

Centrifuge Integrates deSPXA and deJAAA Tokens with Ethereum and Base

Tokenized Money Market Funds: Differentiated Structures through Redemption, Fees, and DeFi

Only 12% of Tokenized Assets Meet DeFi Standards

Centrifuge Launches $1.5 Billion Tokenization Strategy with Royalty Vault Operations

Centrifuge Tokenized Assets Integrated into Para Wallet Infrastructure

Pharos Launches pRNH Vault, Offering High-Yield Corporate Bond Investment Channel

Centrifuge Considers 1:1 Stock Conversion Plan for CFG Holders

S&P Global has upgraded the rating of the tokenized government bond fund JTRSY, built on Centrifuge, to "AAAf"

Weekly Highlights | Gold Drops Below $4000 During Golden Week, a16z Crypto Renamed to a16z Frontier

Circle Shareholders and Sun Yuchen File Lawsuits Amid Ongoing Controversy Over Trump's Family Crypto Business WLFI

Analysis of the NEAR and ICP Dfinity Public Chain Dispute

New OCC stablecoin rule resets redemptions, and banks face big shifts

Grayscale Launches Physical Contribution Applications for 10 Cryptocurrency Investment Products

Morgan Stanley Affiliates Hold Large Stake in Metaplanet Shares for Securities Business Purposes

Bitcoin Every 15 Minutes: The Express Bet That Is Shaking Prediction Markets

SpaceX perpetual futures traded about $6 billion after earnings

What Is an Agentic Activities Launchpad? Inside AX1 Console 2.0

Tether’s own AI study shows when buying a laptop costs more than cloud tokens

HTX Research Analyst Chloe: Despite Significant Net Inflows into Bitcoin Spot ETFs, Macroeconomic Data Suppresses Rebound Potential

The GENIUS Act Leaves Loopholes, Banks Warn of Potential $850 Billion Loan Shrinkage

AI and Chips: Washington Tightens the Noose on American Investments in China

How Has BTC Performed After Four Historical Midterm Elections?

The Rise of Perp DEXs: Will On-Chain Options Change the Landscape?













