Avalanche Foundation Commits $50M to Bring More Tokenized Assets to Blockchain

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Avalanche Foundation Commits $50M to Bring More Tokenized Assets to Blockchain
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The foundation behind layer 1 blockchain avax allocated $50 million to purchase tokenized versions of traditional assets such as equities, credit, real estate and commodities minted on the blockchain. sndr_krisztian reports

Tokenize Everything: Institutions Bet That Crypto’s Future Lies in the Real World

“Moving parts of the asset administration process on-chain allows issuers to have one workflow and one system of record, enabling a better, more seamless user experience for service providers and investors,” Siddhartha S, founder and CEO of structured finance platform Intain, said in the press release.

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