The Avalanche (AVAX) Foundation has launched a $50 million initiative, called Avalanche Vista, to pioneer the future of asset tokenization. According to the announcement, the foundation will allocate the funds to purchase tokenized assets, often referred to as “real world assets” or “off-chain assets,” minted on the Avalanche blockchain. KKR Fund Tokenization On AVAX The goal of the program is to support and demonstrate the value of tokenization, the process of creating an on-chain digital representation of an asset, item, or thing. Avalanche’s consensus mechanism, subnet architecture, and technical innovation aim to facilitate tokenization with greater speed, scalability, and customizability. Furthermore, Avalanche Vista will consider assets across the full liquidity spectrum, including equity, credit, real estate, commodities, as well as those that are blockchain-native. Related Reading: Singaporean Judge Declares Crypto Is Personal Property In ByBit Case The initiative aims to demonstrate the merits of applying blockchain rails to historically more manual and operationally-intensive use cases, including asset issuance, settlement, transfer, and administration. The initiative follows major milestones in asset tokenization, including Securitize’s tokenization of an interest in ..
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