Grove launches $1 billion in liquidity facilities to support instant redemptions of tokenized funds such as BlackRock's BUIDL.

CoinFeed reported on May 14 that Grove, a blockchain lending infrastructure company, launched a liquidity network called Basin, which initially provides up to $1 billion in stablecoin liquidity daily to support instant redemptions of tokenized US Treasury funds such as BlackRock BUIDL and Janus Henderson Anemoy Treasury Fund (JTRSY).