Avalanche to invest $50M in real world asset tokenization

The Avalanche Foundation is allocating up to $50 million to buy tokenized real-world assets created on its layer-1 blockchain through a initiative called Avalanche Vista, according to John Wu, president of Ava Labs, the firm that created Avalanche. Wu said the focus is on operational efficiency, accessibility and liquidity, and that liquidity is currently the hardest part of tokenization. The article notes that KKR tokenized part of its private equity fund on Avalanche through Securitize in September, and that Ava Labs has a "long pipeline of deals" expected over the next 12 to 18 months.