Avalanche's $250M Grove-Janus Henderson Initiative More Than Doubles RWA Footprint to $445M

Avalanche has secured a significant expansion of its real-world asset (RWA) ecosystem through a $250 million initiative led by Grove, an institutional-grade credit protocol backed by Steakhouse Financial, and Janus Henderson Anemoy, a $373 billion asset manager. The partnership will deploy two Janus Henderson funds on the Avalanche blockchain: the Janus Henderson Anemoy AAA CLO Fund (JAAA), offering exposure to collateralized loan obligations (CLOs), and the Janus Henderson Anemoy Treasury Fund (JTRSY), an actively managed fund targeting short-term U.S. Treasury bills. Both products will leverage tokenization platforms like Centrifuge, which previously issued the tokenized S&P 500 Index fund [1]. Grove, a subsidiary of Steakhouse Financial and incubated under Sky (formerly MakerDAO), is positioning Avalanche as a key hub for institutional-grade RWA tokenization.

The JTRSY fund, already holding $408 million in assets primarily on Ethereum, represents a strategic move to diversify its onchain presence. Meanwhile, the JAAA fund targets the CLO market, a segment of fixed-income assets that has traditionally lacked liquidity and transparency. By tokenizing these assets on Avalanche, the partnership aims to reduce counterparty risks through smart contract automation and enhance access for institutional investors. This initiative aligns with Avalanche’s broader strategy to bridge traditional finance (TradFi) and decentralized finance (DeFi), leveraging its high-speed, low-cost blockchain to attract capital from asset managers seeking innovative infrastructure [1].

The deployment will more than double Avalanche’s current RWA footprint, which includes 29 RWAs valued at $195 million. While Ethereum remains the dominant network for RWAs, controlling 59% of the market, platforms like Avalanche and Aptos are gaining traction by offering scalable solutions for tokenizing assets. Aptos, for instance, has seen growth driven by issuers such as BlackRock and Franklin Templeton, signaling a broader industry shift toward blockchain-based asset management [1]. The RedStone report highlights that RWAs are expanding beyond private credit and U.S. Treasuries into equities and commodities, further diversifying the tokenization landscape.

This development reflects Avalanche’s competitive positioning in a rapidly evolving market. By partnering with established asset managers like Janus Henderson, Avalanche is addressing institutional demand for secure, transparent, and liquid asset management tools. The initiative also underscores the growing appeal of blockchains that balance scalability with regulatory alignment, as seen in the U.S. GENIUS Act’s potential to accelerate RWA adoption by legitimizing stablecoins as on-ramps to tokenized assets. For investors, the tokenization of CLOs and Treasuries could redefine traditional asset classes, enabling programmable financial instruments and democratizing access to previously illiquid markets [1].

Avalanche’s focus on institutional-grade RWA tokenization aligns with industry trends prioritizing utility over speculation. While cryptocurrencies and NFTs have dominated headlines, RWAs are increasingly viewed as a bridge to mainstream adoption, offering tangible value through real-world use cases. By securing a partnership with Janus Henderson, a firm with extensive TradFi experience, Avalanche is not only enhancing its credibility but also laying the groundwork for a hybrid financial infrastructure that integrates both decentralized and institutional ecosystems. As the RWA market matures, regulatory clarity and interoperability will remain critical factors shaping its trajectory, with Avalanche’s low-cost, high-throughput network well-suited to meet these demands [1].

Source: [1] [Grove-Janus Henderson Funds on Avalanche RWA Initiative] [https://cointelegraph.com/news/grove-janus-henderson-funds-avalanche-rwa]