Avalanche foundation launches Avalanche Vista allocate $50M for purchasing tokenized asset on Avalanche blockchain, including real-word and off chain asset.
The program called “Avalanche Vista” has the goal of supporting and showcasing the importance of tokenization. Tokenization is the process of creating a digital representation of an asset, item, or thing on a blockchain. n process effectively. Avalanche Foundation Launches Avalanche Vista.
The Avalanche Foundation’s $50 million investment intends to make the financial system more accessible, efficient, and cost-effective by using Avalanche’s consensus process, unique Subnet design, and technological innovation. The purpose is to drive the adoption of tokenization and on-chain finance by showcasing the advantages of blockchain rails in manual, operationally-intensive use cases such as asset issuance, settlement, transfer, and administration.
Avalanche Vista will consider assets across the full liquidity spectrum, including equity, credit, real estate, commodities, as well as those that are blockchain-native.