Avalanche Vista Project to Boost Tokenized Assets on Blockchain
The Avalanche Vista project seeks to promote tokenization i.e. creating on-chain representation of an asset. Thus, Avalanche Vista will consider assets across a wide liquidity spectrum such as credit, equity, real estate, commodities, and others that are blockchain native. advertisement The Avalanche Foundation has set aside $50 million to support its goal of creating a better financial system. They want to use Avalanche ’s unique technology to make the financial system more accessible, efficient, and cost-effective. Besides, they also aim to show how blockchain technology can improve tasks like asset issuance, settlement, and administration, making them easier and faster. Thus, it will help to advance tokenization and on-chain finance (“OnFi”). This initiative follows other milestones of asset tokenization undertaken on the Avalanche blockchain in the past. John Wu, President of Ava Labs said: “Asset tokenization isn’t just the ...