December 11, 2023

The Avalanche Foundation has allocated up to $50 million to acquire tokenized assets on its blockchain.

Reshaping the financial landscape

in a blog On the Avalanche website, an ambitious project called “Avalanche Vista” is explained. By converting real-world assets into digital tokens on the blockchain, Avalanche aims to revolutionize the way assets are viewed and processed, making the process faster, more scalable, and customizable to specific needs.

This major financial commitment underscores the foundation’s vision to reshape the financial landscape. By leveraging Avalanche’s cutting-edge consensus mechanism, innovative subnetwork structure, and technical prowess, the foundation aims to bring the concept of tokenization to the mainstream. Target? Demonstrate how blockchain can change traditional cumbersome processes such as asset issuance, settlement and management.

A New Era of Tokenization

John Wu, President of Ava Labs, said:

Asset tokenization is not only the future of capital markets, but a key driver of the present. “The momentum for on-chain institution building is staggering, and the Avalanche Foundation is taking a big step forward with this initiative.”

Historically, private market investing has been the playground of the elite. But barriers that have kept many away, such as high operating costs and manual processes, are being dismantled.By combining on-chain asset management with tokenization, we are ushering in a new era efficiency and enhanced user experience.

Market size to reach $20 trillion by 2030

Reports suggest that tokenized assets have a bright future. Security Token Advisors found that a whopping 77% of capital market participants expect traditional securities to go digital within the next decade. The market for tokenized securities could soar to $20T by 2030. Additionally, VanEck expects institutions to tokenize $25B worth of assets by 2023.

Disclaimer: This article is for informational purposes only. It does not provide or be intended to be used as legal, tax, investment, financial or other advice.