Grove receives $1 billion support from Sky ecosystem to promote CLO asset on chain According to CoinDesk, the decentralized financial protocol Grove was officially launched today and has received a $1 billion allocation from DeFi lending giant Sky ecosystem for investing in tokenized secured loan debt (CLO). Grove aims to introduce on chain capital into regulated traditional credit markets, providing real-world asset exposure for cryptocurrency projects. This agreement is the latest autonomous unit "Star" under the Sky "Endgame" program.