A new liquidity network backed by firms including BlackRock (BLK) and Janus Henderson (JHG) is aiming to make the $15 billion tokenized Treasury fund market function better than their traditional counterparts.
Grove, a blockchain-based credit infrastructure specialist, unveiled Thursday a facility designed to provide instant stablecoin liquidity for investors exiting tokenized real-world asset funds. The platform will offer up to $1 billion in committed daily liquidity at launch.
The product, dubbed Basin, targets one of the biggest shortcomings in the fast-growing tokenized Treasury market. While blockchain-based funds promise round-the-clock trading and near-instant transfers, many still rely on traditional settlement rails when investors redeem shares, often creating delays measured in days rather than minutes.
Basin is designed to bridge that gap by advancing stablecoin liquidity against approved redemptions or transfers while the underlying fund settlement continues through normal channels. The first two tokenized funds to benefit from the facility are BlackRock's $2.2 billion BUIDL, issued by Securitize, and the $1.1 billion Janus Henderson Anemoy Treasury Fund (JTRSY), tokenized by Centrifuge.
