Avalanche Foundation creates $50 million incentive program to purchase tokenized assets
The Avalanche Foundation will use up to $50 million to purchase assets tokenized on the Avalanche blockchain.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The Avalanche Foundation will use up to $50 million to purchase assets tokenized on the Avalanche blockchain in a move meant to showcase the utility of creating on-chain digital representations of"real world" things.
"Asset tokenization isn’t just the future of capital markets, it’s a critical driver of the present,” Ava Labs president John Wu said "It intends to accelerate the growth of tokenization and its role in on-chain finances by demonstrating the merits of applying blockchain rails to historically more manual and operationally intensive use cases, including asset issuance, settlement, transfer and administration," it added.
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