Grove Finance builds strategic CFG position, deepening ties with Centrifuge

Grove Finance said it has established a strategic position in the Centrifuge ecosystem, with an initial holding of 37.8 million CFG, equal to about 5.4% of the token’s total supply. The announcement adds a treasury-style dimension to a relationship that, according to the company, dates back to the early MakerDAO period. The two sides already have more than $1.27 billion in assets deployed through Centrifuge infrastructure. Grove Finance said the new position shifts the relationship beyond protocol integration and toward closer strategic coordination. The companies plan to combine Centrifuge’s tokenization and distribution infrastructure with Grove Finance’s capital allocation capabilities to support the long-term development of the tokenized asset ecosystem. No additional details were disclosed in the brief announcement about the timing of future purchases or any broader allocation plan beyond the initial CFG holding.