Grove Finance has established a strategic position in Centrifuge’s ecosystem by acquiring 37.8 million CFG, representing about 5.4% of the total supply.
Grove said more than $1.27 billion in assets are already deployed through Centrifuge’s infrastructure. The firm said the partnership dates back to the early MakerDAO stage and that the CFG holding marks a shift from protocol integration to strategic alignment, combining Centrifuge’s tokenization and distribution infrastructure with Grove’s capital allocation capabilities to support the long-term growth of the tokenized asset ecosystem.
Grove Takes 37.8 Million CFG Strategic Stake to Deepen Centrifuge Ties
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