Grove Basin completes first onchain USDC redemption

Grove Basin, a Sky Agent Grove product, completed its first onchain transaction: on July 28 a holder of JHI Advisors' JTRSY initiated a $111k redemption on Centrifuge and instantly received USDC in the same transaction, versus the fund's typical multi-day redemption process. Sky called it a milestone for moving tokenized assets toward instant onchain liquidity.