BlackRock, Janus Henderson tokenized funds get instant redemptions with new $1 billion facility

A new credit facility by Grove aims to allow instant redemptions into stablecoins from BlackRock's BUIDL and Janus Henderson's money market funds, reducing settlement time from days to instantaneous.

A new liquidity network backed by firms including BlackRock (BLK) and Janus Henderson (JHG) is aiming to make the $15 billion tokenized Treasury fund market function better than their traditional…