Sky’s Grove Protocol Launches with $1B Institutional Credit Onchain

Sky Protocol's decentralized finance network has unveiled Grove, a new institutional-grade credit protocol backed by $1 billion in tokenized credit investments. The launch marks a significant milestone in bringing traditional finance assets onto blockchain infrastructure.

Grove's debut allocation targets the Janus Henderson Anemoy AAA CLO Strategy, representing the first fully onchain collateralized loan obligation investment vehicle. The strategy provides DeFi access to an asset class traditionally confined to off-chain markets, known for yield stability and capital preservation.

The protocol serves as a bridge between crypto-native projects and traditional asset managers, enabling deployment of idle reserves into regulated vehicles without exiting the blockchain environment. Its non-custodial architecture offers flexible capital allocation while maintaining institutional-grade standards.