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DeFi protocol Grove invests $1 billion to connect TradFi and Decentralized Finance.
[Coin World] The DeFi protocol Grove has announced a commitment of $1 billion to combine traditional financial assets with Decentralized Finance. The protocol focuses on mortgage obligations, providing access for crypto-native protocols to invest in real-world assets. Grove, through its infrastructure, offers channels for crypto-native protocols and asset managers to invest in Real World Assets (RWA), helping them put idle reserves to use and earn returns independent of the crypto market.