Bank

America

2024

Test

Avalanche

<ul>
 <li><strong>Avalanche is enabling major financial institutions to bring real-world assets on-chain with customized blockchain solutions.</strong></li>
 <li><strong>Institutional adoption of Avalanche’s network, including JPMorgan and ANZ, showcases its potential for transforming finance.</strong></li>
</ul>
<p>Discussing the topic of bringing real-world asset (RWA) on-chain, <a href="https://www.crypto-news-flash.com/avalanche-enables-securitizes-first-on-chain-rwa-transaction-in-spains-regulated-market/" rel="noopener noreferrer nofollow">Avalanche</a> has led this revolution. By 2030, tokenized assets are expected to reach a startling $16.1 trillion, underscoring blockchain’s ability to completely change the financial scene.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Tokenization 101: Institutions Leverage Avalanche to Test Merits of On-Chain Finance</p>
 <p>Bringing utility, efficiency and simplicity to people's everyday lives is one of blockchain's most promising characteristics. Bringing RWAs on-chain is one major step in this direction, with… <a href="https://t.co/xEPcBEnEjX" rel="noopener noreferrer nofollow">pic.twitter.com/xEPcBEnEjX</a></p>
 <p>— Avalanche <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f53a.png" alt="🔺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@avax) <a href="https://twitter.com/avax/status/1805597050891030570?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 25, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="strong-institutional-adoption-of-avalanche-strong"><strong>Institutional Adoption of Avalanche&nbsp;</strong></h2>
<p>Using Avalanche’s network—<a href="https://www.avax.network/blog/tokenization-101-institutions-leverage-avalanche-to-test-merits-of-on-chain-finance" rel="noopener noreferrer nofollow">both</a> the Avalanche C-Chain and Avalanche Evergreen subnets—major financial institutions like <a href="https://www.crypto-news-flash.com/jpmorgan-warns-of-crypto-market-headwinds-amid-retail-investor-profit-taking/" target="_blank" rel="noopener noreferrer nofollow">JPMorgan</a>, City Bank, and ANZ are testing and deploying a broad range of blockchain solutions. The great degree of customisation that Avalanche offers helps these organizations grow their companies and give their clients better services.</p>
<p>Both extensive and profound is Avalanche’s institutional landscape. Because Avalanche can be customized so extensively, organizations are using the network to provide customized solutions.</p>
<p>On-chain finance is growing, thanks in large part to Evergreens, specialized Layer 1s in the Avalanche network created especially for regulated financial institutions.</p>
<h3 id="strong-insights-from-bank-of-america-strong"><strong>Insights from Bank of America&nbsp;</strong></h3>
<p>A broad spectrum of institutions, including commercial, investment, and central banks; institutional investors; corporates; and governments, are using the private sector to create new financial and non-financial systems, according to a comprehensive Bank of America analysis on tokenization.</p>
<p>These organizations are incorporating supporting technology into their operations. The analysis makes clear that infrastructure providers who provide blockchain subnets and customised distributed ledger platforms are probably going to have the biggest and most steady income prospects.</p>
<p>As of right now, <a href="https://www.crypto-news-flash.com/avalanche-avax-faces-downward-pressure-as-long-short-ratio-indicates-bearish-sentiment/" rel="noopener noreferrer nofollow">AVAX</a> is worth about <strong>$25.47</strong>, up <span style="color: #339966;"><strong>2.92%</strong></span> over the last 24 hours. This encouraging trend suggests that people are becoming more and more convinced of Avalanche’s capabilities and its strategic blockchain projects.</p>
<div class="cryptoboxes" id="mcw-435416" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="avalanche" data-symbol="AVAX" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
<p>On the other hand, a prior CNF report highlighted Konami’s use of Avalanche to <a href="https://www.crypto-news-flash.com/konami-embraces-avalanche-to-launch-nft-platform-good-for-avax/" rel="noopener noreferrer nofollow">introduce</a> a new NFT platform. This alliance highlights the increasing clout of Avalanche and its capacity to draw big names from a range of sectors.</p>

JPMorgan and ANZ Adopt Avalanche for On-Chain Solutions

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