Grove Basin completes first onchain USDC redemption

August 5, 2026

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.

Sources

An important milestone for Sky Agent Grove and the tokenization market. Grove Basin’s first onchain transaction shows how tokenized assets can move beyond issuance toward instant, onchain liquidity. https://t.co/r7H757Vvft Quoting @grovedotfinance: Grove Basin's first transaction is written onchain 🌳 On July 28, a holder of @JHIAdvisors' JTRSY initiated a $111k redemption on @centrifuge and instantly received USDC in the same transaction. The fund's standard redemption process still takes days. The holder’s liquidity https://t.co/fbBOoavVx2x.com ↗

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Sky enables users to get rewarded for non-custodial saving with USDS.

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Grove Basin completes first onchain USDC redemption — Outposts