According to TechFlame, according to CoinDesk, Grove, a credit agreement in the Sky ecosystem (previously known as the MakerDAO ecosystem), announced on Monday that it will expand to the Avalanche blockchain network and plans to allocate up to $250 million to tokenized credit products. According to the announcement, Grove will invest in the Anemoy AAA CLO Fund (JAAA) issued by Janus Henderson through the blockchain tokenization platform Centrifuge. Janus Henderson, the world's top asset manager managing $373 billion in assets, is one of the largest attempts for traditional financial institutions to enter the Avalanche Real World Asset (RWA) ecosystem. Centrifuge will also launch the Janus Henderson Anemoy Treasury Fund (JTRSY), which is backed by US Treasury bonds. According to reports, the Grove team includes former members from Deloitte, Citi, and BlockTower, who previously helped MakerDAO expand the tokenized treasury bond market. The agreement plans to replicate this model into the structured credit sector, providing native crypto investors and traditional investors with programmable access to the multi-trillion-dollar market.