ParaFi Capital to tokenize $1.2B fund on Securitize
ParaFi Capital will tokenize part of its $1.2 billion portfolio using the Avalanche blockchain and tokenization platform Securitize.
Digital asset management firm ParaFi Capital has taken its first step into fund tokenization by offering a minority stake in its latest venture capital fund on the Avalanche blockchain.
According to a Sept. 12 Bloomberg report, the firm’s $1.2 billion fund will be partially tokenized and available for trading through the Securitize platform, marking a move toward integrating blockchain technology into traditional asset management.
“We decided we want to eat our own dog food,” said ParaFi founder Ben Forman. “We are investors in this technology, but we didn’t just want to invest in the tokenization infrastructure, we wanted to use it ourselves.”
Go to Source
Author: Ana Paula Pereira
