"Nice Avalanche, always doing something worthwhile."
The Avalanche Foundation yesterday took a new step by announcing a $50 million initiative dubbed Avalanche Vista as part of its goal to purchase digital assets minted on their blockchain.
A follow-up to Project Avalanche Vista also aims to promote tokenization, it will consider assets across a broad spectrum of liquidity such as credit, equity, real estate, commodities and others.
In addition to wanting to make the financial system more accessible, efficient and cost-effective, the initiative can also demonstrate how blockchain technology can implement asset production, settlement and administration.
Through the new initiative, Avalanche wants to unlock access to private market investment which has been a major challenge for a long time.
This is because private market investment is not only limited to institutional investors and wealthy individuals due to operating costs, but small investors also need manuals and expensive processes in capital calls or data availability.
So here it can be seen that the use of on-chain asset production and administration along with tokenization is able to improve the process including the experience for asset producers and investors.
For another decade, the financial market is expected to move towards the digitization of traditional securities while the size of the token securities market will increase by $20 trillion by the end of 2030.
As of this writing, Avalanche (AVAX) price is up 1.02% at $13.27 in the last 24 hours with a market cap of $4 billion but is still down 4.84% over the last week.
