January 15th has a noteworthy piece of news—Galaxy has just completed the issuance of its first CLO project (Collateralized Loan Obligation). In simple terms, this is a financing tool used to support their lending business.

Interestingly, the debt tranching of this CLO was tokenized and issued directly on the Avalanche blockchain. The related tokens are now listed and traded on the INX platform, accessible only to qualified investors. This approach actually reflects a new exploration in RWA (Real-World Asset) tokenization—bringing traditional financial products onto the blockchain.

The initial scale is $75 million, with Grove contributing $50 million as the core allocation. This is not Grove's first bet in this field; they have previously deployed $250 million in tokenized RWA on Avalanche. This time, they are further increasing their investment. In terms of funding scale and allocation strength, the industry’s recognition of this tokenized financial product remains quite high.