Grove Launches $1B Liquidity Facility for BlackRock’s BUIDL and Janus Henderson’s Tokenized Treasury Funds

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.

"There’s significant potential for tokenization to improve how capital markets operate, but unlocking real benefits for investors requires addressing the underlying infrastructure," Mitchnick stated.

He added that reducing settlement friction enhances usability. " Bhaji Illuminati, CEO of Centrifuge, highlighted the scale of the new facility. "We’ve seen a few smaller facilities, but none that have come close to the size and scale of Grove’s," Illuminati said.

U.S. Treasury market has become one of crypto's fastest-growing segments. Global asset managers have rolled out tokenized products in recent years as institutions increasingly use blockchain-based money market funds to park cash.