【Crypto World】Galaxy recently issued a $75 million secured loan certificate (CLO) and completed tokenization on the Avalanche blockchain. Of this, $50 million was primarily arranged through the institutional credit agreement Grove.
These tokenized debt products have officially been listed and traded on the INX exchange, aiming to significantly reduce transaction costs and accelerate fund settlement cycles through on-chain settlement. After this investment, Grove’s holdings of tokenized physical assets on the Avalanche network have reached approximately $250 million.
More notably, Avalanche is gradually attracting traditional financial institutions. Well-known funds such as Janus Henderson and Apollo have successively launched various tokenized credit products on this chain. This indicates that Avalanche not only has advantages in high-speed trading but also opens up new possibilities for institutional-level applications—ranging from DeFi mining to institutional credit, the ecosystem is deepening.
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ImpermanentLossEnjoyer
· 18h ago
More good news for Avalanche, and this time it's really attracting traditional whales.
Traditional financial institutions are really starting to take this chain seriously, and it feels different.
Grove directly invested $250 million, which shows they are genuinely optimistic.
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FlashLoanPhantom
· 01-20 07:25
Traditional finance is finally taking blockchain seriously, and this time it's not just hype.
Avalanche has really stabilized this time, with institutional-level funds pouring in.
Grove directly invested 250 million, showing that it's not just talk anymore.
However, CLO tokenization... still depends on how risk control is handled later.
Janus and Apollo jumping in follow the trend; is it a good thing or a bit risky?
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LiquidatedDreams
· 01-20 07:24
Traditional financial institutions rushing in—that's the real adoption... not those vague promises.
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CryptoTarotReader
· 01-20 07:22
Avalanche is really overtaking on the curve. Traditional financial institutions are coming in, and it feels like the real big show in RWA is just beginning.
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Frontrunner
· 01-20 07:04
Really? Are all the institutions flocking to Avalanche? Now traditional finance will be forced to go on-chain.
Avalanche ecosystem welcomes institutional-grade credit products, with collateralized loan certificates tokenization opening a new window
【Crypto World】Galaxy recently issued a $75 million secured loan certificate (CLO) and completed tokenization on the Avalanche blockchain. Of this, $50 million was primarily arranged through the institutional credit agreement Grove.
These tokenized debt products have officially been listed and traded on the INX exchange, aiming to significantly reduce transaction costs and accelerate fund settlement cycles through on-chain settlement. After this investment, Grove’s holdings of tokenized physical assets on the Avalanche network have reached approximately $250 million.
More notably, Avalanche is gradually attracting traditional financial institutions. Well-known funds such as Janus Henderson and Apollo have successively launched various tokenized credit products on this chain. This indicates that Avalanche not only has advantages in high-speed trading but also opens up new possibilities for institutional-level applications—ranging from DeFi mining to institutional credit, the ecosystem is deepening.