Thursday, April 18, 2024
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Avalanche Foundation Commits $50 Million To Tokenized Asset Purchases

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

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Avalanche Foundation allocates $50M investment to on-chain asset token purchases

The Avalanche Foundation announced the launch of “Avalanche Vista,” a $50 million initiative to spur tokenization on the Avalanche blockchain, on July 25.Today, the Avalanche Foundation introduces Avalanche Vista, a $50M initiative to pioneer tokenization on #AvalancheTokenization is poised to be one of the most impactful blockchain innovations of the

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USDC Issuer Circle Restarts U.S. Treasury Purchases in BlackRock-Managed Stablecoin Reserve Fund

As of June 20, Circle added $2.2 billion of T-bills to the fund, while repos constituted some 90% of the fund’s $24.7 billion in assets, according to BlackRock’s website. The company held an additional $3.5 billion in bank deposits, the “vast majority, over 90%” stored at the Bank of New

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eToro halts ALGO, MANA, MATIC and DASH purchases for US customers

Retail trading platform eToro has halted purchases of Algorand (ALGO), Decentraland (MANA), Polygon (MATIC), and Dash (DASH) for customers in the United States in response to their labeling as securities in recent SEC lawsuits.The move comes just a few days after competitor Robinhood also halted support for MATIC and two other

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