what's Grove Labs?
Grove Labs, a company under Steakhouse Financial, focuses on developing open-source infrastructure for credit and liquidity in decentralized finance (DeFi). It collaborates with the Sky Ecosystem to create transparent and efficient financial primitives that enable users worldwide to move, save, and lend value at internet speeds on public blockchains. This work aims to power the next generation of capital markets by bridging traditional finance with blockchain technology. The company emphasizes institutional-grade DeFi solutions, including integrations with protocols like Aave for real-world assets (RWAs). By supplying stablecoins such as USDC and Ripple's RLUSD to markets like Aave Horizon, Grove Labs enhances liquidity for tokenized asset-backed borrowing, making DeFi more accessible and scalable for qualified institutional participants.
Grove Labs manages a $3.1B RWA portfolio across Centrifuge, BUIDL, and Aave Horizon.
Manages a $3.1 billion RWA portfolio across multiple protocols including Centrifuge, BUIDL, and Aave Horizon.
Has a team member who previously worked at MakerDAO.
Grove launches Grove Data in collaboration with Steakhouse to provide onchain data transparency for DeFi.
Grove reaches $2 billion in total value locked (TVL), doubling from previously reported individual fund allocations.
Partnership with BNY Global launches the first tokenized fund focused on AAA-rated CLOs with Grove as anchor investor.
$50M allocation from Grove to the tokenized Apollo Diversified Credit Fund (ACDRX) is now active.
Grove completes full allocation deployment into JAAA fund which reaches $1 billion milestone, becoming one of the largest RWA assets globally.
Grove becomes the third largest institutional holder of JAAA AAA CLO ETF, ranking behind Bank of America and Morgan Stanley.
Integrated with Avalanche Network for credit infrastructure, supporting JAAA's AAA CLO onchain instruments with Chronicle Proof of Asset, Sky Ecosystem, and Centrifuge.
Grove will supply RLUSD and USDC to Aave's Horizon RWA market to add depth for RWA-backed borrowing.
Commits $1B to Janus Henderson x Anemoy JAAA (AAA CLOs) fund and $50M to ACDRX feeder fund into Apollo Global's Diversified Credit Fund strategy, both issued on Plume Network, with $1B deployment targeted for 2025.
Integrated JAAA fund, powering Centrifuge's JTRSY product growth on Ethereum via investment.
Active hiring for Credit Analyst and Senior Full Stack Engineer positions with competitive compensation ($200K-250K range).