BlackRock Backs $1 Billion Crypto Liquidity Network

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A new blockchain-based liquidity network backed by firms including BlackRock and Janus Henderson is aiming to address slow redemptions, one of tokenized finance’s biggest problems. Grove, an institutional-grade credit infrastructure protocol, announced a new system called Basin that plans to provide up to $1 billion in daily stablecoin liquidity for tokenized Treasury fund investors. Wall Street’s tokenized asset market has grown rapidly, but many products still rely on traditional banking rails that can delay settlements for days.

BlackRock And Janus Henderson Join Basin Launch

In a press release on May 14, Grove unveiled Basin as a programmable credit facility designed to give institutional investors near-instant access to stablecoin liquidity when exiting tokenized real-world asset (RWA) funds. The system effectively advances liquidity as traditional settlement processes continue in the background.

BlackRock’s $2.2 billion BUIDL fund and the $1.1 billion Janus Henderson Anemoy Treasury Fund (JTRSY) are the first tokenized Treasury products connected to the facility. Securitize and Centrifuge are providing tokenization infrastructure, whereas Anchorage Digital, Galaxy Digital, and FalconX will connect institutional clients to the network.

According to rwa.xyz data referenced in industry reports, the tokenized Treasury sector has now grown beyond $15 billion after expanding more than 130% over the past year.

Robbie Mitchnick, BlackRock’s global head of digital assets, said the current market still suffers from operational bottlenecks despite blockchain adoption.

“By reducing settlement friction and enhancing liquidity, solutions like Grove Basin represent an important step toward making tokenized funds more efficient and more usable for institutional investors.”

Wall Street Pushes Deeper Into Tokenized Finance

The launch reflects a broader rise in Wall Street’s move into blockchain-based financial infrastructure.

Major asset managers including BlackRock, Franklin Templeton, and JPMorgan have all launched tokenized Treasury or money-market products over the past two years. Institutions increasingly use these products as blockchain-native cash management tools and collateral across the crypto market.

Still, many tokenized products continue operating with traditional settlement timelines underneath the surface. Grove says Basin is designed to close that gap without changing the existing legal or regulatory framework surrounding the underlying funds.

The launch also shows how stablecoins and tokenized Treasuries are becoming increasingly connected as institutional crypto infrastructure matures.