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DeFi Protocol Grove Commits $1 Billion to Drive Integration of Traditional Financial Assets with DeFi
Summary: In a breaking announcement, DeFi protocol Grove has committed $1 billion to integrate traditional financial assets with decentralized finance, focusing on collateralized debt obligations to provide access to real-world asset investments for native crypto protocols. Grove aims to provide a channel for crypto-native protocols and asset managers to invest in real-world assets (RWA) through its ...
In a breaking announcement, DeFi protocol Grove has committed $1 billion to integrate traditional financial assets with decentralized finance, focusing on collateralized debt obligations to provide access to real-world asset investments for native crypto protocols. Grove aims to provide a channel for crypto-native protocols and asset managers to invest in real-world assets (RWA) through its infrastructure, helping them put idle reserves to work and generate returns independent of the crypto market. (CoinDesk)
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Link: DeFi Protocol Grove Commits $1 Billion to Drive Integration of Traditional Financial Assets with DeFi [Copy]
