The Avalanche Foundation announced via a blog post on Thursday that The Wine Capital Fund, a closed-end private investment fund specializing in fine wines sponsored by WIVX Asset Management, has been tokenized by Oasis Pro and listed on Oasis Pro Market’s SEC-registered ATS, through the Avalanche C-Chain.
By tokenizing the fund interest of the Wine Capital Fund, investors can now more easily participate in the traditionally exclusive fine wine market, currently valued at $400+ billion. The Wine Capital Fund is offered by Oasis Pro Markets, member FINRA/SIPC, enabling investors to subscribe to tokens representing Fund shares, Avalanche 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 1% so far today and currently trades at $34.73 per coin.