Grove, an institutional credit infrastructure protocol, has formed a strategic partnership with Centrifuge and acquired an initial 37.8 million CFG tokens, becoming a governance-aligned stakeholder in the tokenization platform. The holding represents about 5.4% of Centrifuge’s total supply and builds on more than $1.27 billion in assets already deployed through Centrifuge’s infrastructure. That infrastructure has supported Grove investments in products including Apollo’s ACRDX and Janus Henderson’s JAAA and JTRSY. Grove operates within the Sky ecosystem, formerly known as Maker, and said its relationship with Centrifuge dates to the early MakerDAO stage. The firms aim to connect Grove’s capital allocation infrastructure with Centrifuge’s tokenization and distribution technology to support more liquid and scalable onchain credit markets. Grove previously set a $250 million real-world asset target on Avalanche in July 2025 and launched the Basin liquidity facility in May 2026 to support up to $1 billion in daily redemptions. Centrifuge lists Grove alongside BlackRock and Apollo among ecosystem partners and competes with Ondo Finance, Maple and Securitize.