Grayscale launches investment fund for AVAX token
It joins Grayscale’s suite of more than 20 crypto investment products.
Asset manager Grayscale Investments launched a new investment fund for Avalanche’s native token, AVAX, according to an Aug. 22 announcement.
The Grayscale Avalanche Trust “offers investors the opportunity to gain exposure to Avalanche (AVAX), a three-chain smart contract platform designed to simultaneously optimize for scalability, network security, and decentralization,” Grayscale said.
Avalanche is a layer-1 blockchain network with a focus on facilitating real-world asset (RWA) tokenization, which involves converting tangible assets, such as real estate, commodities, or fine art, into digital on-chain tokens. On Aug. 22, Franklin Templeton expanded its blockchain-integrated money market fund to Avalanche.
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Author: Alex O’Donnell
