The Avalanche Foundation, which governs one of the more business friendly public blockchain networks, has committed to spending $50 million on tokenized assets as part of the “Avalanche Vista” program to encourage greater adoption of its chain for tokenization. The money will go towards equity, credit, real estate, commodities, and blockchain-native tokens.
We’ve previously written about three tokenization projects on the Avalanche network.
“Spruce” is a permissioned test network being used for testing DeFi applications such as FX and interest rate swaps by by T.Rowe Price (AUM $1.3 trillion), Wellington Management (AUM $1.4 trillion), WisdomTree and DRW’s Cumberland.
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