Securitize Launches Tokenized Exposure To KKR Fund On Avalanche

The Avalanche team announced via a Medium post on Tuesday that Securitize, a leading digital asset securities firm, has launched a fund tokenizing an interest in KKR’s Health Care Strategic Growth Fund II (“HCSG II”) on the Avalanche public blockchain.

Avalanche said the move is a step toward making institutional private market strategies more accessible to individual investors. Furthermore, the new Securitize tokenized fund (the “Fund”) marks the first time exposure to one of KKR’s alternative investment strategies has been offered in a digital format in the U.S.

Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is down by more than 9% so far today and currently trades at $219.29 per coin.