{"id":22513,"date":"2023-07-25T17:02:43","date_gmt":"2023-07-25T17:02:43","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/avalanche-announces-50m-for-purchase-of-tokenized-assets\/"},"modified":"2023-07-25T17:02:43","modified_gmt":"2023-07-25T17:02:43","slug":"avalanche-announces-50m-for-purchase-of-tokenized-assets","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/avalanche-announces-50m-for-purchase-of-tokenized-assets\/","title":{"rendered":"Avalanche announces $50M for purchase of tokenized assets"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1658935008281-5e6c185b-6301-43e6-9833-a0b6b1b5e509-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1658935008281-5e6c185b-6301-43e6-9833-a0b6b1b5e509-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1658935008281-5e6c185b-6301-43e6-9833-a0b6b1b5e509-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1658935008281-5e6c185b-6301-43e6-9833-a0b6b1b5e509-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Avalanche Foundation wants to promote tokenization on Avalanche with the $50 million program.<\/li>\n<li dir=\"ltr\">The tokenized assets initiative is dubbed Avalanche Vista.<\/li>\n<li dir=\"ltr\">A recent survey report suggested 77% of capital markets participants believe in tokenization of securities.<\/li>\n<\/ul>\n<p dir=\"ltr\">The Avalanche Foundation has <a href=\"https:\/\/www.avax.network\/blog\/avalanche-foundation-vista-asset-tokenization\" rel=\"noopener noreferrer\" target=\"_blank\">announced<\/a> an allocation of up to $50 million towards an initiative aimed at pioneering the future of tokenization on the <a href=\"https:\/\/coinjournal.net\/avalanche\/\">Avalanche<\/a> blockchain.<\/p>\n<p dir=\"ltr\">According to the foundation, the funds will be used to purchase tokenized assets, or \u201creal world assets\u201d minted on Avalanche.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Today, the Avalanche Foundation introduces Avalanche Vista, a $50M initiative to pioneer tokenization on <a href=\"https:\/\/twitter.com\/hashtag\/Avalanche?src=hash&amp;ref_src=twsrc%5Etfw\">#Avalanche<\/a><\/p>\n<p>Tokenization is poised to be one of the most impactful blockchain innovations of the next decade, and Avalanche is uniquely equipped to power these systems. <a href=\"https:\/\/t.co\/ZWy109CMCi\">pic.twitter.com\/ZWy109CMCi<\/a><\/p>\n<p>\u2014 Avalanche \ud83d\udd3a (@avax) <a href=\"https:\/\/twitter.com\/avax\/status\/1683843321670807554?ref_src=twsrc%5Etfw\">July 25, 2023<\/a><\/p>\n<\/blockquote>\n<h2 dir=\"ltr\">Eyeing tokenization on Avalanche<\/h2>\n<p dir=\"ltr\">\u201cAvalanche Vista,\u201d is meant to demonstrate how tokenization is a valuable process in the creation of an on-chain digital representation of real world assets, the team noted. The allocation will help accelerate the growth of on-chain finance, with tokenization showcasing the critical role of blockchain across use cases such as asset issuance, settlement, and transfer.<\/p>\n<p dir=\"ltr\">Per the announcement, Avalanche Vista will apply across all types of assets, both traditional and blockchain-native. For the former, the program will consider equity, real estate, commodities, and credit.\u00a0<\/p>\n<p dir=\"ltr\">\u201c<em>Asset tokenization isn\u2019t just the future of capital markets, it\u2019s a critical driver of the present<\/em>,\u201d Ava Labs President John Wu said.\u00a0<\/p>\n<p dir=\"ltr\">He noted that the industry is seeing greater momentum from institutions building on-chain, and that Avalanche Vista is a milestone for Avalanche Foundation with regard to promoting this initiative.<\/p>\n<p dir=\"ltr\">Avalanche\u2019s program follows a number of key developments within the asset tokenization space. Among these was the tokenization of interest in the KKR fund and the launch of tokenized assets marketplace IntainMARKETS.<\/p>\n<p dir=\"ltr\">A recent report by Security Token Advisors revealed that about 77% of participants across the capital markets see traditional securities being digitized over the next five to ten years. Meanwhile, the tokenized securities market is projected to grow to $20 trillion by 2030.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/avalanche-foundation-allocates-50m-for-tokenized-assets-purchase-program\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Avalanche Foundation wants to promote tokenization on Avalanche with the $50 million program. The tokenized assets initiative is dubbed Avalanche Vista. A recent survey report suggested 77% of capital markets participants believe in tokenization of securities. The Avalanche Foundation has announced an allocation [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":22514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22513"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22513"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22513\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22514"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}