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Grove’s $1B DeFi Power Play: Sky’s New Protocol Aims to Dominate Institutional Onchain Credit

Grove’s $1B DeFi Power Play: Sky’s New Protocol Aims to Dominate Institutional Onchain Credit

Published:
2025-06-26 04:58:41
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Sky’s new DeFi protocol Grove launches with $1B backing to bring institutional credit onchain

Wall Street's about to get a blockchain enema—and Grove's holding the hose. Sky's freshly launched DeFi protocol just landed with a $1B war chest, promising to drag institutional credit kicking and screaming onto the chain.

The institutional onramp nobody asked for (but hedge funds will pretend they wanted)

Grove's throwing nine figures at the 'problem' of bankers needing fancier Excel sheets. Their pitch? Tokenized credit lines, algorithmic risk assessments, and enough compliance theater to make TradFi quants feel at home. Early whispers suggest JPMorgan's already running shadow tests—because nothing says decentralization like a megabank's stamp of approval.

Will this finally be the DeFi killer app for suits? Or just another blockchain band-aid on finance's bullet wounds? Place your bets—the house always wins.

|Square

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