BlackRock, Janus Henderson tokenized funds get instant redemptions with new $1 billion facility
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Grove has launched a liquidity network called Basin, providing up to $1 billion in daily stablecoin liquidity for instant redemptions of BlackRock's and Janus Henderson's tokenized Treasury funds. This facility addresses a significant issue in the $15 billion tokenized Treasury market by enabling immediate stablecoin payouts for approved redemptions while traditional fund settlements continue. The platform is supported by major asset managers and crypto firms, reflecting the rapid growth of tokenized U.S. Treasury products as institutions increasingly invest in blockchain-based funds.
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