Grove launches 'Basin' to offer instant redemptions for RWA funds

Blockchain-based credit infrastructure firm Grove has launched Basin, a liquidity solution that allows investors in tokenized real-world asset (RWA) funds to instantly redeem their holdings for stablecoins, CoinDesk reported. At launch, Basin will provide up to $1 billion in daily liquidity, aiming to reduce the multi-day settlement process for tokenized fund redemptions to near real-time.