Avalanche Doubles Down On Asset Tokenization with $50M Fund

TLDR Layer 1 blockchain Avalanche has introduced a new incentive scheme, Avalanche Vista, aimed at encouraging asset tokenization on its network. The initiative has allocated $50 million to purchase a wide range of asset types including equity, credit, real estate, commodities, and blockchain-native assets.

SO WHAT The move comes amid growing interest in real-world assets (RWAs) within the DeFi space, as evident by the expansion of MakerDAO's RWA portfolio and estimated total value locked in RWA protocols reaching nearly $1B.