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The Avalanche Foundation has launched a $50 million incentive program to purchase tokenized assets.
Dubbed “Avalanche Vista,” the program will analyze assets at various levels of liquidity, including equities, credit, real estate, and commodities.
“Future potential of asset tokenization”
Asset tokenization is not only an important factor in the current state of capital markets, but also holds great potential for the future, according to Ava Labs Managing Director John Wu. Wu said that the remarkable progress observed in many institutions with on-chain activities is remarkable, adding that the foundation has taken important steps with this special effort.
Stating that the initiative is following important developments in this area, including Securitize's tokenization of a stake in the leading KKR fund, Avalanche Foundation also underlined the launch of a market for asset-backed securities called IntainMARKETS.
Avalanche Foundation's goal is to create a more accessible financial system
“The $50 million program reflects the Avalanche Foundation's commitment to advancing a more accessible, efficient and cost-effective financial system using Avalanche's new consensus mechanism, unique 'Subnet' architecture and technical innovation.” used his statements.
Avalanche Vista is not the first fund designed to push the blockchain ecosystem forward. In 2021, Avalanche launched a $180 million DeFi investment program with Aave and Curve to attract more assets and decentralized applications to the blockchain.
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