The Avalanche Foundation has created a $50 million incentive program to purchase assets tokenized on the Avalanche blockchain .
The Avalanche Foundation has introduced a $50 million incentive scheme, known as “Avalanche Vista,” to acquire tokenized assets on the Avalanche blockchain, as reported by The Block . This program will assess the value of various assets such as equity , loans, real estate, and commodities .
John Wu, president of Ava Labs, said in a statement on the subject:
“Asset tokenization is a critical driver of today, not just the future of capital markets .
The momentum in institutions building on the chain has been staggering, and Avalanche Foundations is taking a big step forward with this initiative .
“ The $50 million acquisition program reflects the Avalanche Foundation’s commitment to advancing a more accessible, efficient and cost-effective financial system through the use of Avalanche’ s new consensus mechanism , unique Subnet architecture , and technical innovation .”
Tokenize faaliyetler hakkında :
Tokenization refers to the process of digitizing real-world assets (RWA) on a blockchain . Ava Labs, the developer behind Avalanche , has created this platform to facilitate asset issuance, ownership, and seamless value transfer . John Wu, president of Ava Labs , highlighted that this technology enables companies to issue assets more efficiently while allowing individuals to own them and facilitating faster value transfers . Avalanche serves as a versatile platform for various asset-related projects . For instance , in September, KKR—a prominent US investment management firm—leveraged Securitize on Avalanche’s blockchain to tokenize a portion of its private equity fund . The goal is not limited to monetary tokens ; rather it aims at collaborating with web2 players and promoting tokenization adoption . This commitment is further emphasized by initiatives like “Vista ,” which showcases our dedication towards tokenizing diverse assets across different sectors .