DeFi protocol Grove pledges $1 billion to promote the integration of traditional financial assets with DeFi

Odaily News DeFi protocol Grove announced that it has committed $1 billion to combine traditional financial assets with decentralized finance. The protocol focuses on collateralized loan obligations and provides crypto-native protocols with access to real-world asset investments. Through its infrastructure, Grove provides crypto-native protocols and asset managers with access to real-world asset (RWA) investments, helping them put idle reserves to use and earn returns independent of the crypto market. (CoinDesk)