A new $1 billion liquidity network backed by BlackRock and Janus Henderson is tackling a major flaw in the $15 billion tokenized Treasury market: slow settlement times.
Grove, a blockchain credit infrastructure firm, unveiled Basin, a facility providing instant stablecoin liquidity for investors exiting tokenized real-world asset funds. Basin advances stablecoin funds against approved redemptions while the underlying settlement continues through traditional channels.
BlackRock's $2.2 billion BUIDL fund and Janus Henderson's $1.1 billion JTRSY fund are the first to integrate. Securitize and Centrifuge provide tokenization infrastructure; Anchorage Digital, Galaxy Digital, and FalconX connect institutional clients.
The tokenized Treasury sector has grown over 130% in the past year, surpassing $15 billion. Global asset managers are pushing deeper into blockchain infrastructure, but many products still rely on legacy systems.
“Reducing settlement friction and enhancing liquidity...makes tokenized funds more efficient and usable for institutional investors,” said Robbie Mitchnick, BlackRock's global head of digital assets.