Avalanche Foundation has earmarked a whopping $50M to acquire assets that are tokenised on its blockchain.
Reshaping the financial landscape
In a blog on the Avalanche website, the ambitious venture, named “Avalanche Vista,” is explained. By converting real-world assets into digital tokens on the blockchain, Avalanche aims to revolutionise the way assets are viewed and handled, making the process faster, more scalable, and tailored to specific needs.
This significant financial commitment underscores the foundation’s vision of reshaping the financial landscape. By leveraging Avalanche’s cutting-edge consensus mechanism, innovative Subnet structure, and technological prowess, the foundation seeks to propel the concept of tokenization into the mainstream. The goal? To showcase how blockchain can transform traditionally cumbersome processes like asset issuance, settlement, and management.
A new era of tokenisation
John Wu, Ava Labs’ President, remarked:
“Asset tokenization isn’t ju
We współpracy z: https://cryptodaily.co.uk/2023/07/avalanche-foundation-bold-move-towards-tokenised-assets
