Avalanche's tokenized real-world asset (RWA) value surged 60.47% to $2.1 billion in 30 days, driven by major institutional projects like Bridgetower's $11 billion asset tokenization and BlackRock's $900 million Treasury fund on the network. This growth strengthens Avalanche's position among top blockchains for institutional tokenization, narrowing the gap with Ethereum. Avalanche's scalable subnet architecture and $50 million foundation initiative support further adoption, attracting major financial institutions and increasing demand for its AVAX token. The network is poised for continued expansion despite strong competition in the blockchain space.
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...
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...
