Hassan Maishera
The Avalanche Foundation announced via a blog post on Tuesday that it has launched Avalanche Vista, a $50 million initiative designed to pioneer the future of asset tokenization.
Avalanche Vista aims to support and demonstrate the value of tokenization, the process of creating an on-chain digital representation of an asset, item or thing–something that Avalanche is designed to facilitate with greater speed, scalability, and customizability.
The program intends to accelerate the growth of tokenization and its role in on-chain finance (“OnFi”) by demonstrating the merits of applying blockchain rails to historically more manual and operationally-intensive use cases, including asset issuance, settlement, transfer, and administration.
Avalanche Vista will consider assets across the full liquidity spectrum, including equity, credit, real estate, commodities, as well as those that are blockchain-native, the foundation added.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is up by less than 1% so far today and currently trades at $13.20 per coin.
