BlackRock, Janus Henderson tokenized funds get instant redemptions with new $1 billion facility

Grove has launched Basin, a new $1 billion credit facility designed to provide instant stablecoin liquidity for investors redeeming from tokenized real-world asset funds. This addresses a key limitation in the growing tokenized Treasury market, where redemptions often face delays despite blockchain's promise of speed. Basin advances stablecoins against approved redemptions while underlying settlements occur through traditional channels. Initially, BlackRock's BUIDL fund and Janus Henderson's Anemoy Treasury Fund will benefit. BlackRock and Janus Henderson are launch asset managers, with Securitize and Centrifuge providing tokenization infrastructure. This development supports the rapid growth of the tokenized U.S. Treasury market, which has surpassed $15 billion in assets, aiming to make tokenized funds more efficient and usable for institutional investors by reducing settlement friction and enhancing liquidity.

(Source：CoinDesk)