The Avalanche Foundation is allocating up to $50 million to purchase tokenized assets created on the tier-1 blockchain.
The company told TechCrunch privately, Avalanche His foundation is dedicating up to $50 million to purchase tokenized assets created on the layer-1 blockchain. The startup Avalanche Vista aims to highlight the value of tokenization in different industries such as equity, credit, real estate and commodities.
Opinions on tokenizing activities were expressed
Tokenization is the real-world existence ( RWA) is the process of creating its digital representation. AvalancheJohn Wu, president of Ava Labs, the company that created it, told TechCrunch “It creates a faster and more efficient way for companies to issue assets, for individuals to own them, and for everyone to transfer value.”said.
This isn’t the company’s first rodeo in asset determination. In September, KKR, one of the largest investment management firms in the US, tokenized a portion of its private equity fund on Avalanche’s blockchain through digital asset securities firm Securitize.
wu, “Our mission is to tokenize the world’s assets,” he said. “Vista is the next indicator of our commitment to do just that. It’s not just dollars at stake, it’s a commitment to helping web2 players work with us and explain tokenization.” he stated
