Bridgetower has tokenized an $11 billion copper-gold mining project in Arizona by issuing the AZX1 security token on Avalanche's C-Chain, providing institutional investors exposure to a major commodity-backed digital asset. This initiative is part of a broader $25 billion pipeline focused on natural resources, energy, and metals, signaling a large-scale strategy beyond a single project. Chainlink supports the token with compliance tools like Proof of Reserve and daily NAV data, enhancing trust and transparency. Investors should monitor how the token's market value aligns with its NAV to gauge confidence in this emerging asset class.
Progmat, Japan's leading security-token platform, has completed migrating all its managed projects from Corda 5 to a dedicated Avalanche Layer 1 blockchain. This migration preserves existing functions while accelerating rights transfers by three to f...
DeXe (DEXE) surged 7.04% to $38.16, topping the altcoin gainers due to recent improvements in its governance model, pushing its market cap to $1.78 billion. Other notable gainers include Arbitrum, Uniswap, Worldcoin, and Aave, each rising between 4% ...
Hyundai is testing stablecoins USDT and USDC for faster internal transfers between its subsidiaries, reducing transfer times from hours to about 7 minutes. The pilot with Tether's USDT showed superior speed and stability compared to traditional bank ...
Hyundai Card, Hyundai Motor Group's financial arm, successfully completed a $20,000 USDT transfer between its US and Mexico subsidiaries on the Avalanche blockchain in just seven minutes, compared to the usual 3-4 hours via traditional bank wire. Thi...
AVAX One Technology regained compliance with NASDAQ's $1 minimum bid price by executing a 1-for-12 reverse stock split effective June 15, clearing the threshold on July 9. The company, holding about 14 million Avalanche (AVAX) tokens and generating o...
