Avalanche has reached a milestone by hosting over $180 million in tokenized real-world asset (RWA) value, spanning 35 assets. This achievement underscores the increasing convergence of traditional finance and decentralized platforms. A significant portion of this value, $53 million, is contributed by BlackRock's BUIDL fund, which can be held in Avalanche wallets and utilized as collateral in DeFi protocols.
Avalanche's architecture, known for high throughput and low fees, supports large-scale asset tokenization, making it appealing to institutional investors. The network's compliance-friendly features and customizable subnets further enhance its capability to deploy financial products. As more institutions embrace on-chain asset tokenization, Avalanche is positioned for continued growth, solidifying its role in bridging traditional finance with decentralized finance.
Avalanche Surpasses $180M in Tokenized Real-World Assets with BlackRock's Support
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.