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Grove Launches $1 Billion Liquidity Facility to Support Instant Redemptions for Tokenized Funds Like BlackRock BUIDL
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On May 14, blockchain credit infrastructure company Grove launched a liquidity network called Basin. It can initially provide up to $1 billion in stablecoin liquidity daily to support instant redemptions for tokenized U.S. Treasury funds such as BlackRock BUIDL and Janus Henderson Anemoy Treasury Fund (JTRSY).