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Avalanche ecosystem adds new move: $75 million CLO tokenized on-chain
【Blockchain Rhythm】 There’s an interesting development: Galaxy recently completed the issuance of its first CLO project, with a scale of $75 million. This CLO—Collateralized Loan Obligation—has been fully migrated onto the Avalanche chain as a token and is now available for trading to qualified investors on the INX platform.
The driving force behind this is Grove, which invested $50 million as a core allocation this time. This is yet another deployment of their funds on Avalanche. It’s worth noting that Grove previously tokenized $250 million worth of real-world assets (RWA) on this chain, so this move is essentially a further increase in their investment.
This actually reflects a larger trend: traditional financial instruments are gradually moving onto the blockchain. Products like CLOs, which are already mature in traditional markets, are now starting to circulate in token form on the blockchain. This is quite meaningful for the development of the RWA ecosystem and the Avalanche ecosystem.