finance
Grove Launches $1B Liquidity Facility for BlackRock’s BUIDL and Janus Henderson’s Tokenized Treasury Funds
Grove unveiled Basin on May 14, 2026, providing up to $1 billion in daily stablecoin liquidity for instant redemptions from BlackRock's BUIDL and Janus Henderson's Anemoy Treasury Fund. The platform bridges blockchain transfers with traditional settlement rails as the tokenized U.S. Treasury sector surpasses $15 billion in assets after 130% growth over the past year.
May 14, 9:00 AM·1m read1 source
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Grove launched a liquidity network called Basin on May 14, 2026. The platform offers up to $1 billion in committed daily stablecoin liquidity for instant redemptions. Basin provides instant stablecoin payouts against approved redemptions from BlackRock's BUIDL and Janus Henderson's Anemoy Treasury Fund while underlying fund settlements proceed on traditional rails.
2 billion in assets. 1 billion in assets. U.S. Treasury sector surpassed $15 billion in assets. The sector expanded over 130% over the past year as of May 14, 2026.
BlackRock and Janus Henderson are joining Basin as launch asset managers. Securitize issued BlackRock's BUIDL fund. Centrifuge tokenized the Janus Henderson Anemoy Treasury Fund. Securitize and Centrifuge provide tokenization infrastructure for Basin.
Anchorage Digital, Galaxy Digital and FalconX will connect institutional clients to the Basin liquidity network. Major asset managers and crypto firms including Securitize, Centrifuge, Anchorage Digital, Galaxy Digital and FalconX are partnering on the Basin platform.
The launch addresses a core limitation in tokenized funds that promise round-the-clock trading yet still depend on multi-day traditional settlements for redemptions.
By advancing stablecoin liquidity immediately upon approved redemptions, Basin allows investors to access funds instantly while fund-level processing continues on conventional rails. Robbie Mitchnick, BlackRock's global head of digital assets, said there is significant potential for tokenization to improve capital markets.
