Grove Just Threw $50M at a Crypto Fund. Wait, What?

Grove, because apparently they have $50 million to spare, just decided to play anchor investor in the *super exclusive* Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX). It’s like a VIP pass to a crypto party, but with fancy words like “tokenized” and “global credit strategy.”

So, what’s all this about? Built using Centrifuge’s *cutting-edge* tokenization tech and hosted on Plume’s RWA blockchain (yep, that’s a thing), ACRDX is launching on Plume’s Nest Credit protocol under the ticker NACRDX. It’s for the big shots-corporate direct lending, asset‑backed lending, and *other stuff* you can only dream of-onchain. And let’s not forget the powerhouse combo of Apollo’s expertise, Centrifuge’s stack, and Grove’s magic capital, sprinkled with Chronicle for the *fancy* oracle data and Wormhole for some cross-chain magic. 🪄✨

Now, for the *fun* part. This whole thing supposedly reduces barriers to private credit (translation: it’s easier to get in), adds some *much-needed* transparency (we love that word), and proves there’s real institutional demand for this tokenized credit stuff. But hey, don’t get too excited just yet-it’s still pending regulatory approval before Anemoy can play asset manager. 🙄

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2025-09-17 15:42