Ava Labs Vice President Morgan Krupetsky has announced the launch of ULTRA, a tokenized U.S. Treasury fund on the Avalanche blockchain. This initiative transforms traditional U.S. Treasuries into blockchain-compatible tokens, facilitating trading and settlement. The $28 billion stablecoin market has set the stage for such innovations, allowing asset managers to offer yield-generating digital savings accounts. Institutional interest is evident, with SkyBridge and Grove Finance deploying $300 million and $250 million in tokenized assets on Avalanche, respectively. Krupetsky emphasized Avalanche's sub-second finality and low transaction costs as significant benefits, reducing operational friction and enhancing investor access through DeFi integration.