Grove Establishes 37.8 Million CFG Holdings, Deepens Cooperation with Centrifuge

Grove Finance has announced a strategic investment in the Centrifuge ecosystem, holding an initial 37.8 million CFG, which accounts for approximately 5.4% of the total supply. Currently, over $1.27 billion in assets have been deployed through Centrifuge's infrastructure. Grove stated that this CFG holding marks a shift in the relationship from contractual integration to strategic collaboration, combining Centrifuge's tokenization and distribution infrastructure with Grove's capital allocation capabilities to promote the long-term development of the tokenized asset ecosystem.

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