Hassan Maishera
On Monday, the Avalanche Foundation announced via X that Bridgetower has tokenized over $11 billion in Real World Assets (RWAs) on Avalanche.
Bridgetower's tokenization platform supports tokenized securities tied to the DOM X Arizona Copper-Gold Project, a U.S. natural resource asset valued at $11+ billion, issued on Avalanche and powered by a production-grade Chainlink stack.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem. Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.
This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain, and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely, having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.
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