Avalanche Deployment Gains TractionAave's V4 deployment on Avalanche ($AVAX) has reached $20 million in deposits, according to Token Terminal, roughly doubling in size over the past month. The platform currently carries about $5 million in active loans, a sign that borrowing activity is beginning to build alongside the deposit growth.
The Avalanche deployment went live on July 15, 2026, marking the first time Aave had deployed its newest protocol version outside Ethereum, where earlier versions built most of its liquidity. Avalanche was chosen as the first expansion beyond Ethereum in part because of an established track record and a fast-growing ecosystem for tokenized real-world assets such as Treasuries and corporate bonds. The rollout was also backed by ecosystem incentives: Avalanche committed up to $15 million tied to key performance indicators including total value locked, borrowing activity, and protocol revenue growth.
A Broader V4 Expansion StoryThe Avalanche figures are one piece of a wider growth picture for Aave V4. Across all chains, V4 deposits surpassed $600 million in late August 2026, setting a new all-time high, according to data reported by ChainCatcher. That figure covers aggregate deposits across Ethereum's mainnet and several Layer 2 networks.
The V4 architecture underpinning these deployments differs meaningfully from its predecessor. Aave V4 replaces V3's market-per-pool structure with a hub-and-spoke design that consolidates liquidity while allowing individual markets to maintain separate borrowing rules and risk parameters. Despite the strong growth in V4, the newer version remains a fraction of its predecessor's scale, and Aave's decision to run V3 and V4 in parallel lets users migrate at their own pace rather than under deadline pressure.
Sources:
CoinPaprika: Aave Brings V4 to Avalanche in Bet on Tokenized-Asset Lending
Crypto Briefing: Aave V4 Deposits on Ethereum and Avalanche Reach $300M
ChainCatcher: Aave V4 Deposits Exceed $600 Million
Jižní Korea představila plán pro tokenizované cenné papíry na blockchainu, který má od 4. února 2027 postupně zahrnout emise, obchodování i vypořádání. Avalanche zároveň tvrdí, že bude tuto infrastrukturu pohánět.
South Korea is preparing what appears to be one of the most progressive official programs yet to put conventional capital-market products onto blockchain rails. On September 4, 2026, the Financial Services Commission presented a staged policy roadmap for tokenized securities after a public-private council meeting at the Korea Securities Depository.
The plan is not a one-day switch of the whole market.
It is a legal and operational build-out that begins when amended electronic-registration rules take effect on February 4, 2027, and then widens if early results hold.
The regulator’s notice is explicit about scope. Tokenized instruments will be treated as digitized securities, not as a separate crypto class sitting outside capital-markets law.
Brokerages and the depository are expected to build the issuance and account infrastructure together.
The first wave is deliberately narrow: privately pooled money-market funds and privately placed corporate bonds limited to institutions; unlisted shares tokenized through a trust, so the underlying electronic security remains in the existing registry while investors hold tokenized beneficial interests; and publicly offered fractional-investment products.
Listed exchange stocks are not in that first basket.
Officials instead signaled pilot work with the Korea Exchange, drawing on experiments already discussed at venues such as the NYSE and Nasdaq.
Phase two would open the same machinery to publicly offered securities more broadly.
Phase three is the most far-reaching: an on-chain payment layer that could settle tokenized stocks, bonds, and funds with stablecoins. That last step is not automatic.
The commission said later phases will depend on first-phase performance, how quickly market firms adopt the technology, and whether pending stablecoin legislation moves.
In other words, Seoul wants a single digital market that can cover issuance, trading, clearing, settlement, and the exercise of investor rights, but it is sequencing risk rather than declaring an overnight migration.
Avalanche entered the story the same day.
The network’s official account said the Financial Services Commission and Korea Securities Depository were laying the groundwork to bring stocks, bonds, and funds on-chain, “powered by Avalanche.”
That framing has circulated widely because Avalanche already has Korean institutional footprints in adjacent work: a won-backed stablecoin proof of concept, payments experiments with NHN KCP, and tokenized trade-receivables activity involving POSCO International on an Avalanche-based layer.
Those projects help explain why the network positioned itself as infrastructure for a national tokenization push.
They do not, however, appear in the commission’s own press text, which names no public chain.
The careful reading is therefore dual: Korea has a government roadmap for tokenized capital markets, and Avalanche is publicly claiming a central technical role based on its local partnerships, not on an exclusive designation printed in the FSC notice.
That distinction matters for market participants.
If the depository screens distributed ledger connections firm by firm, more than one network could theoretically plug into the same legal wrapper.
Avalanche’s wager is that custom Layer-1s, institutional validators, and existing Korean pilots give it an early operating advantage when February 2027 arrives.
The state’s wager is different: use distributed ledgers to modernize post-trade plumbing without abandoning investor-protection rules already written for securities.
Implementation now shifts to the unglamorous work. Subordinate rules are slated for late September 2026.
Securities firms must connect new ledgers to the depository.
Retail limits, pooling standards for fractional products, and OTC trading guidelines still have to be finalized. The prize, if the three phases hold, is a regulated market in which traditional Korean instruments can be issued and, eventually, settled on-chain.
South Korea is taking one of the most significant steps in institutional blockchain adoption to date. The Financial Services Commission (FSC) and the Korea Securities Depository (KSD) have begun migrating the country's national capital markets architecture to the @Avax platform, placing the entire securities ecosystem, covering stocks, bonds, and funds, onto an on-chain framework.
Full Asset Lifecycle on Chain The scope of the migration is broad. The transition covers every stage of the asset lifecycle, from issuance through to secondary trading, clearing, settlement, and investor rights protection. This is not a pilot or sandbox exercise. It is a government-sponsored mandate to rebuild core financial market infrastructure on a public blockchain.
The legal foundation for the move was laid earlier this year. Under those amendments,
Avalanche's Growing Role in Korean Finance The choice of Avalanche as the underlying network is consistent with a broader pattern of institutional adoption in the region. Those qualities have already attracted a range of Korean financial and public-sector clients to the network.
The KSD migration adds significant weight to that trend.
Samsung SDS has separately been contracted to support the technical build-out.
Taken together, the FSC's roadmap signals that South Korea is moving decisively to reconcile institutional-grade legal certainty with on-chain infrastructure, using Avalanche as the settlement layer for one of Asia's most developed capital markets.
Sources:
Seoul Economic Daily: Korea to Expand Tokenized Securities to Stocks, Bonds and Funds
Chambers and Partners: Blockchain and Crypto-Assets 2026, South Korea
KuCoin: South Korea Expands Capital Market Reform with Tokenized Securities
Avalanche posiluje institucionální tokenizaci díky integraci s Cashlink, která umožní klientům vytvářet a spravovat tokenizované cenné papíry přímo na Avalanche. Platforma už zpracovala přes 1 miliardu EUR ve více než 300 emisích.
Avalanche (AVAX) is currently consolidating within a symmetrical triangle, as price volatility contracts and market participants anticipate a significant move. Technical analysis points to a critical moment for AVAX, with the asset trading at $7.29, a daily volume of $201.18 million, and a market capitalization of $3.14 billion. After recording a 2.06% gain in the last 24 hours, bullish sentiment is building, though traders remain alert to both upside and downside risks.
Price consolidation and breakout levelsAnalyst Crypto With Gopal identified the consolidation structure on the one-hour chart, with AVAX forming a symmetrical triangle. This pattern highlights the balance of power between buyers and sellers, resulting in narrowing price action around the $7.20 level. Resistance is concentrated in the $7.60 to $7.70 zone, a region bulls must reclaim to establish further momentum.
A decisive breakout above this resistance is likely to shift market sentiment in favor of the bulls, setting the stage for an advance to $7.95.
Conversely, a failure to overcome resistance or a breakdown below the triangle could accelerate bearish momentum, placing $6.50 as a possible lower target for AVAX in the near term.
The converging trendlines in AVAX price signal tightening volatility, with a key test ahead at the $7.60–$7.70 resistance. A successful breakout could pave the way to $7.95, while rejection risks a drawdown to $6.50.
Institutional tokenization expands with CashlinkAvalanche’s progress in tokenizing real-world assets is supported by its recent integration with Cashlink. The European-based tokenization platform is leveraging Avalanche for institutional securities, strengthening regulatory-compliant digital asset issuance and management.
Through this partnership, Cashlink’s institutional clients can create and oversee tokenized securities directly on Avalanche. This bridges the gap between traditional finance and on-chain infrastructure, as institutions increasingly seek blockchain solutions for asset issuance and transfer.
Financial institutions such as KfW, NRW.BANK, DZ Bank, Tradias, and Helaba are already utilizing the Cashlink network, which has processed over €1 billion in transactions across more than 300 live issuances.
While technical setups like the contracting triangle and the need to break key resistance levels remain pivotal for AVAX’s short-term outlook, a broader transformation is underway in asset management. Instead of relying on intermediaries, Wall Street and major investors are shifting toward Web3 solutions. Platforms like 1stepSwap now enable users to hold shares of leading U.S. companies and commodities such as gold and silver directly within their crypto wallets. By tokenizing real-world assets and instantly identifying optimal market prices, these platforms remove middlemen from the investment process.
As integration efforts between Cashlink and Avalanche deepen, institutional tokenization and blockchain adoption continue to advance, reinforcing Avalanche’s position within regulated digital finance.
Despite positive forecasts, market caution prevails, and price action will depend on whether bulls can secure a close above the $7.60–$7.70 range. Otherwise, the risk of a move back toward $6.50 remains notable, underscoring the importance of monitoring key technical levels.
Ethena spustila Ethena Pay na Avalanche, mobilní aplikaci pro každodenní platby, držení a posílání USDe. Aplikace je dostupná na iOS ve více než 50 zemích.
Ethena has launched Ethena Pay, a mobile financial application that brings its USDe digital dollar into everyday use, from holding and sending money to making purchases and earning savings. According to an announcement from Ava Labs, the product is built exclusively on Avalanche, which handles USDe transfers, payments and settlement behind the scenes while users see a familiar consumer experience.
A Digital-Dollar Account for Daily Spending Ethena Pay combines a traditional account with a digital-dollar balance held in USDe, letting users move between fiat and digital dollars locally and globally, transfer funds and make purchases. Balances can be spent through Visa’s network of more than 130 million merchants. The launch builds on Ethena’s earlier work bringing USDe into payments and gives the protocol a direct channel to put the stablecoin to work in recurring activity rather than leaving it confined to trading and DeFi platforms.
Avalanche as the Settlement Layer The launch leans on Avalanche for the speed, low transaction costs and scalability needed to move value inside a consumer app, with users never required to select a network or interact directly with blockchain infrastructure. Ethena founder Guy Young framed the move as a bet on tokenized assets. “Avalanche was focused on RWAs and tokenized assets before almost anyone else was talking about them,” he said, adding that Ethena Pay can plug into liquidity and applications already live in the Avalanche ecosystem.
Why Digital Dollars Are Moving Beyond DeFi The product is positioned as part of a broader shift in which digital dollars stop behaving like crypto assets and start functioning like money that consumers can earn, hold, move and spend. Ava Labs argues that many neobanks and fintechs still depend on fragmented banking and payment infrastructure, while Ethena Pay runs on a single programmable layer that stays out of view. Digital-dollar balances in the app are held in USDe, creating a path from issuance into holding, sending, spending and saving.
What Comes Next Ethena says the app is available on iOS in more than 50 countries, with Android access, availability in the United States and European Union, and multi-currency accounts expected to follow. The rollout extends an existing business that has already processed more than $30 billion through its mint and redeem systems, integrated USDe across more than 100 platforms and protocols, and secured a USDe backing facility with FalconX, a scale the company now aims to direct toward everyday payments and savings.
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Ethena spustila beta verzi Ethena Pay na Avalanche, která dává USDe přímou cestu k platbám. Úvodní přístup má 400 uživatelů a odměny jsou omezeny na 6% výnos a až 5% cashback.
The iOS beta starts with 400 users, while official terms cap boosted balances and put cashback at up to 5% — not 10%.
Ethena has launched the beta of Ethena Pay, a self-custodial iOS money app that uses Avalanche as its exclusive settlement layer and gives USDe a direct route into consumer payments.
Ethena said the initial early-access list contains 400 users and will expand weekly as the product moves out of beta during September. Its supported-country page lists 49 countries across Latin America, the Caribbean, Asia and the Middle East, Africa and Oceania. The U.S., European Union, U.K. and Canada are among the regions marked as coming later.
Ethena Pay combines a self-custodial wallet with transfers, fiat onramps and a Visa card. Ethena Pay Ltd. says it supplies the software rather than banking or custody services; wallet keys remain on the user’s device and cannot be recovered by the company. The card is issued by Puerto Rico-chartered Third National and managed by Rain, and is available only to non-U.S. persons.
Ava Labs said digital-dollar balances in the app are held in USDe, with Avalanche handling transfers, payments and settlement behind the interface. That gives Ethena a consumer distribution channel in which USDe can be held, sent and spent without users selecting a blockchain network.
The 6% Total Rate Comes With CapsEthena Pay’s pricing terms say the advertised rate of up to 6% per year is a total made up of the prevailing underlying USDe rate plus a “Daily Boost” contributed by Ethena Pay. It is not an additional 6% on top of the base rate.
Standard users receive a 5% total rate on up to $5,000. Pro users receive 6% on up to $15,000, while VIP users receive 6% on up to $50,000. Balances above those caps earn only the underlying USDe rate, and users must make at least one qualifying card transaction each calendar month to receive the boost.
The boost is paid daily in USDe and is described as a discretionary promotion, not interest, a deposit or an insured return. Ethena Pay can reduce or end it.
The product documents do not say customer balances are converted into sUSDe. They call the variable component the underlying USDe rate. At the protocol level, Ethena’s documentation says sUSDe rewards accrue when a subsidiary of the Ethena Foundation deposits discretionary protocol revenue into the staking contract.
For most of Ethena’s history, its backing was concentrated in spot crypto assets hedged with short perpetual futures, a model that left protocol revenue and risk closely tied to that market dynamic. Ethena now says its backing portfolio is diversifying across lending, real-world assets, stablecoins and non-crypto basis trades. The company announced plans last week to add stock-linked perpetual basis trades, though deployments had not yet begun.
Cashback Tops Out at 5%Ethena’s launch post and legal pricing page advertise up to 5% cashback, rather than 10%. Standard users earn 4% on their first $2,500 of monthly spending, Pro users earn 4.5% on their first $8,000, and VIP users earn 5% on their first $20,000. Rates step down for spending above each band.
Cashback is calculated after a card transaction settles and is paid in AVAX at the exchange rate when it is credited. Transactions below $1 do not qualify, nor do categories including crypto and securities purchases, gambling, gift cards, peer-to-peer transfers and account funding.
The pricing page identifies Ethena Pay as the party offering the discretionary reward and does not name Avalanche or the card issuer as a separate cashback funder. Ethena Pay says rewards may be reduced, suspended or terminated at its discretion.
The launch therefore extends USDe beyond trading and investment into a consumer payments interface, but the beta begins with limited access and its richest rewards are tiered and capped.
TLDR Ethena launched Ethena Pay, a consumer finance app combining stablecoin savings, card spending, transfers, and fiat onramps. The app offers a 6% dollar savings rate and 5% cashback on eligible card purchases. ENA rose about 9% after the announcement, outperforming a broadly flat crypto market. Ethena selected Avalanche as the exclusive settlement network for payments, transfers, and money movement on the app. Ethena Pay supports dollar, pound, and euro onramps, local currencies, and fiat IBANs linked to self-custodial stablecoin accounts. Ethena has launched Ethena Pay, a consumer finance app that brings stablecoin savings, payments, transfers, and fiat access into one platform. The product expands Ethena beyond its yield-focused dollar products and gives users a way to manage digital dollars.
The app went live on Apple’s App Store on Tuesday. Ethena said the service offers a 6% dollar savings rate and 5% cashback on card purchases. ENA, the protocol’s native token, rose about 9% after the announcement while the wider crypto market stayed flat.
Ethena Expands Beyond USDe Savings Ethena Pay connects savings with daily spending. Users can hold funds, earn rewards, make card purchases, and transfer money without moving assets between several platforms. The app supports free dollar, pound, and euro onramps. It adds local currency access and international bank account numbers linked to self-custodial stablecoin accounts. These features make stablecoins easier to use for financial needs.
Ethena has expanded its product range during 2026. The protocol previously focused on USDe, a synthetic dollar token with $4 billion in circulation. Its yield model relied mainly on crypto basis trades. Ethena Pay also includes a feature called “Buy Now Pay Never.” The system uses rewards earned on savings to cover purchases while leaving the user’s main balance untouched.
This setup links the app’s savings and payments functions. A user can keep funds in one account, earn returns, and use those rewards for spending without transferring money elsewhere. Earlier this year, Ethena introduced a savings product with Coinbase. That agreement gave Ethena another distribution channel through a crypto exchange with more than 100 million users.
Avalanche Handles Ethena Pay Settlement Ethena selected Avalanche as the exclusive settlement network for Ethena Pay. Avalanche will process transfers, payments, money movement, and settlement across the app. The choice expands Ethena’s infrastructure beyond the Ethereum-focused systems that supported its earlier growth. Avalanche will now serve as the core network behind the consumer finance product.
Ethena has limited initial access to 400 users. The project plans to add more users each week as it moves the app out of beta during September. The launch gives Ethena a consumer product combining stablecoin savings with payment tools. The company is positioning Ethena Pay as an “internet money neobank” built around digital dollars and self-custodial accounts.
Tokenizovaná aktiva na veřejných blockchainech dosáhla k 3. srpnu hodnoty 37,29 miliardy USD bez stablecoinů. SEC zároveň vymezila tokenizované cenné papíry podle toho, zda jsou navázané na oficiální vlastnický záznam.
How big is the tokenization market? Well, it’s big enough that the grand machinery of capital markets is now flooding in. Some of the key stats from 2026 show the shocking scale of growth in tokenized assets.
Tokenized RWAs reached $37.29 billion on public blockchains as of August 3, excluding stablecoins. Treasury and money-market products accounted for $16.16 billion, roughly 43% of the total. Commodities stood at $4.60 billion, while equities and ETFs reached $2.16 billion. Types of Tokenized Real-World Assets By Category. Source: On-Chain Finance What’s more, US regulators are beginning to draw firmer lines. In January, SEC staff divided tokenized securities into issuer-sponsored products and third-party-created versions.
An issuer can integrate distributed-ledger technology into its “master securityholder file,” allowing an on-chain transfer to move the security on the official register, while third-party structures can leave legal ownership recorded elsewhere and give the token holder a separate entitlement.
BeInCrypto spoke to Eva Meng, Head of Matrixdock, Myles Harrison, Chief Product Officer at AMINA Bank, Billy Miller, COO of Securitize, and Roshan Robert, CEO of OKX US, about tokenization’s real battleground.
Ownership Begins with Settlement Eva Meng, Head of Matrixdock, places settlement at the center of the ownership question.
“An on-chain ledger can accurately record token ownership without establishing whether the underlying asset is available for settlement. The real test comes when the claim is exercised: can recorded ownership actually be carried through to settlement?”
Matrixdock’s tokenized gold (XAUm) asset shows how such rights pass from an onchain balance into physical delivery.
In April 2025, a holder burned 32.148 XAUm and received a one-kilogram LBMA gold bar within T+3 of the redemption request, linking the token burn to a corresponding release from custody.
How a Holder Received a Physical Gold Bar for Burning His Tokenized Gold Coins. Source: Matrixdock The stakes rise as tokenization reaches securities, where ownership determines access to dividends, voting rights and corporate actions.
Myles Harrison, Chief Product Officer at AMINA Bank, argues institutional investors tend to begin from those legal and economic rights rather than from blockchain selection.
“The token isn’t the asset. It’s a representation of a claim, and that claim only means something if a regulated institution stands behind it and is legally obliged to honor it. When I speak to institutional clients, their questions are never about which chain an asset sits on. They want to know who owes them what, under which law, and what happens if something goes wrong. Those answers live in the record of ownership, not in the token itself.”
Securitize COO Billy Miller draws a similar line between tokens created around securities held elsewhere and issuer-sponsored tokens incorporated into the ownership record itself.
“In an issuer-sponsored model, the issuer authorizes tokenization with the token representing the actual security and ownership, akin to how book-entry is a digital representation of shares held at the transfer agent.”
Securitize put the model into use when its common stock began trading on the NYSE under SECZ on July 2. Eligible US investors are also able to access tokenized SECZ through Securitize.
The tokens launched on Avalanche and Solana while representing the same common stock trading on the NYSE, giving one security both conventional and on-chain forms of ownership.
Securitize is now officially a public company, listed on the @NYSE under the ticker SECZ.
Our focus is unchanged: building the regulated infrastructure for the next generation of capital markets.
To everyone who helped us get here, thank you.
Tokenize the World. pic.twitter.com/XVhjA5udA9
— Securitize (@Securitize) July 2, 2026 💡 Did you know? Robinhood’s 2025 “SpaceX stock tokens” gave investors derivative exposure rather than direct ownership of SpaceX shares. The controversy exposed a central risk in tokenization: owning a token does not necessarily put the holder on the company’s share register or grant the rights attached to the underlying equity.
Transfer Agents Transfer agents have long maintained security-holder records, processed changes in ownership, and administered distributions. With tokenized securities, recordkeeping becomes more closely tied to the trade because an on-chain transfer can feed into the official register, making the quality and speed of recordkeeping part of the trading experience itself.
Traditional exchanges are already building around this role.
In March, the NYSE named Securitize as the first digital transfer agent eligible to mint blockchain-native securities for corporate and ETF issuers on its planned digital trading platform, while the two companies also agreed to work on standards covering digital transfer agents and tokenization agents.
Roshan Robert, CEO of OKX US, sees the transfer agent and blockchain as complementary components.
“Tokenization works best when the asset is tied directly to the official ownership record. A digital transfer agent maintains that record and manages transfers, distributions and corporate actions. Blockchain infrastructure provides the speed, transparency and global reach that make these assets more useful. Strong tokenized markets need both trusted ownership records and high-performance blockchain infrastructure. Together, they can allow tokenized assets to move securely and, ultimately, trade around the clock.”
The institutional footprint around regulated tokenization is growing alongside those market plans. Securitize reported $3.4 billion in assets under management at the end of March 2026 and $1.9 billion of aggregate transaction volume during the first quarter, figures published shortly before its July NYSE listing.
Around-the-Clock Trading Reaches the Old Market Clock The NYSE is developing a regulated digital venue designed for 24/7 tokenized securities trading, instant settlement and stablecoin-based funding, pairing its Pillar matching engine with blockchain-based post-trade systems.
Harrison sees the difficult work arriving beyond the trading venue, where counterparties, compliance teams and settlement systems still operate according to schedules refined over decades.
“At AMINA Bank, we settle 24/7, 365. We’re always online. But try clearing something on a Saturday evening through a traditional institution; it just doesn’t happen. And that’s not a technology problem. The entire financial system – from the processes and the staffing models to the compliance infrastructure – was built around market opening hours and optimized over decades. Unwinding is like turning an oil tanker. It will happen, but anyone telling you it’s 12 months away is underestimating the challenge.”
Meng sees the same tension in gold, an asset whose price can respond to geopolitical events and macroeconomic releases while key elements of the conventional market remain bound to established operating hours.
“The challenge is that only part of the stack is always on. Secondary trading and transfers can continue on-chain, while underlying markets, banking, custody, hedging, and primary-market activity still follow traditional operating hours.”
Tokenized gold can therefore continue forming a price while conventional routes are closed, giving onchain markets an early read on new information.
“The harder test comes when the tokenized price moves away from the underlying market while the mechanisms that normally bring them back into alignment, such as arbitrage, hedging, minting and redemption, are unavailable. Liquidity providers then have to carry more inventory, basis and gap risk until those markets reopen,” Meng said.
Continuous trading becomes economically durable when liquidity providers can manage exposure across those uneven schedules, with enough cash settlement, custody and redemption capacity to support prices through weekends and overnight sessions.
The Registry Outranks the Chain Blockchain selection still affects transaction costs, execution speed and access, although Harrison sees legal and operational design carrying greater importance for institutions deciding whether an asset can enter portfolios.
“The chain matters far less than people assume. I see institutions spending months evaluating which blockchain to use when the real question is whether the legal and operational infrastructure around their asset is in place. Can they settle? Can they comply across jurisdictions? Can their counterparties access it? The industry spent almost two years getting lost in the semantic between tokenized deposit, a CBDC and a stablecoin when technologically they’re identical. The infrastructure around the token is what determines whether institutional clients can use it,” said Harrison from AMINA Bank.
SECZ provides one illustration. The same issuer-sponsored common stock launched across Avalanche and Solana, leaving the economic rights attached to the share while blockchain choice governs where an eligible investor can hold and transfer the tokenized form.
The SEC’s January guidance gives the registry similar prominence from a regulatory perspective, centring issuer-sponsored tokenization on the master securityholder file and the relationship between an onchain transfer and the legally recognized ownership record.
Where Tokenization Breaks Down Continuous trading becomes more complicated when a token keeps changing hands while its reference market has closed, leaving price discovery concentrated in the tokenized asset until conventional trading resumes.
Harrison points to tokenized equities.
“You can trade the token at any hour, but the underlying security doesn’t reprice outside traditional market hours. You’re buying a wrapper whose reference value is frozen until the market reopens.”
Tokenized Treasuries raise a different issue. They are already the largest real-world asset category tracked by RWA.xyz, with $16.16 billion distributed across 85 products as of August 3, yet AMINA’s clients can already buy conventional T-bills through the bank’s securities dealer license.
In their case, wrapping the same exposure in a token offers limited extra utility unless it improves access, settlement or use elsewhere onchain.
“The tokenized version solves a distribution problem that doesn’t exist for them.”
Tokenization earns its economic value where a blockchain representation improves access, settlement, portability or use as collateral, while the ownership record preserves a holder’s enforceable rights throughout the process.
The market is already large enough for this distinction to become commercially important, especially as tokenized securities begin entering regulated public-market venues.
Cashlink uzavřel strategické partnerství s Ava Labs a přidal Avalanche do své regulované infrastruktury pro cenné papíry. Platforma už zpracovala přes €1 miliardu v objemu transakcí.
European institutional tokenization just got a new backbone. Cashlink Technologies GmbH has announced a strategic partnership with Ava Labs, bringing the Avalanche blockchain into its regulated securities infrastructure and expanding the options available to some of Germany’s most prominent financial institutions.
The announcement, made on August 31, adds Avalanche to a platform that has already processed more than €1 billion in transaction volume across over 300 live issuances. For context, that figure climbed from €850 million, meaning Cashlink has been moving quickly even before this integration landed.
What Cashlink actually does Cashlink holds a BaFin license as a crypto securities registrar and custodian, which is the German regulatory stamp that allows it to sit at the intersection of traditional capital markets and blockchain infrastructure.
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Its client roster reads like a tour of German institutional finance: KfW, NRW.BANK, DZ Bank, and Helaba are all live on the platform.
CEO Michael Duttlinger put the rationale plainly, pointing to Avalanche’s grasp of what regulated financial markets actually require.
The multi-chain strategy taking shape Avalanche is not Cashlink’s first blockchain rodeo. The company already has a partnership with Polygon and took a strategic stake in Stellar in April 2026. Adding Avalanche brings the total to three major networks, each with different strengths and different institutional audiences.
Olivia Vande Woude from Ava Labs flagged the commitment to secure infrastructure as central to the partnership’s appeal.
Positioning as a neutral, multi-chain provider is a deliberate strategic choice. Cashlink is not betting on one blockchain winning the institutional tokenization race outright. Instead, it’s building the layer that sits above the competition, letting clients pick their preferred network without changing platforms.
What this means for European capital markets The broader context is a European capital markets landscape that has been slowly, then suddenly, warming to tokenized securities. Germany’s Electronic Securities Act, which came into force in 2021, created the legal basis for crypto securities to exist without paper certificates. BaFin-licensed custodians like Cashlink are the practical implementation of that framework.
The €1 billion transaction volume milestone demonstrates that regulated, on-chain issuance is not a whitepaper exercise. Real institutions have used it to move real money.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Binance 3. září 2026 v 06:00 UTC vyřadí 12 párů pro obchodování na marži, včetně SUI/BTC, AVAX/BTC a LINK/BTC. Změna se týká pouze obchodování na marži; na ostatních párech zůstanou obchodovatelné.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Leading crypto exchange Binance is planning to delist 12 margin trading pairs in early September, including major cryptocurrencies SUI, Avalanche (AVAX), and Chainlink (LINK). This particularly affects Bitcoin pairs of SUI, Avalanche, and Chainlink.
In a recent announcement, Binance issued a notice of removal for margin trading pairs scheduled for September 3, 2026.
In its post, Binance said it will delist the affected margin trading pairs on September 3 at 06:00 (UTC). A total of 12 Isolated Margin Pairs will be delisted; five of these are on Cross Margin.
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The Isolated Margin Pairs include SUI/BTC, AVAX/BTC, LINK/BTC, TNSR/USDC, SXT/USDC, TURTLE/USDC, AIXBT/USDC, BREV/USDC, USDE/USDC, WBETH/ETH, BFUSD/USDT, and BNSOL/SOL. Five pairs — TNSR/USDC, SXT/USDC, TURTLE/USDC, AIXBT/USDC, and BREV/USDC — will be delisted on Cross Margin.
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Effective immediately, users may no longer be able to transfer any amount of assets of the aforementioned pairs via manual transfers and Auto-Transfer Mode into their Isolated Margin accounts.
Dates for usersBinance highlighted the dates in the delisting process of these margin pairs: on September 1 at 06:00 (UTC), Binance Margin will suspend isolated margin borrowing on the isolated margin pairs.
On September 3 at 06:00 (UTC), Binance Margin will close users' positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned cross and isolated margin pairs, and they will afterward be removed from Binance Margin.
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The delisting only affects the said margin pairs, as users can still trade the above assets on other trading pairs available on Binance Margin.
To avoid potential losses, users are urged to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of Margin trading on September 3 at 06:00 (UTC). This is because they will not be able to update their positions during the delisting process, which may take about 3 hours.
On September 3 as well, Binance has already earmarked 3 crypto assets for delisting: ICON (ICX), Secret (SCRT), and Storj (STORJ), following its recent review.
In a previous announcement, Binance said it has decided to delist and cease trading on all spot trading pairs for the tokens on September 3 at 03:00 (UTC).
Charles Schwab plánuje v příštích měsících přidat na platformu Schwab Crypto Solanu, Avalanche a Chainlink. Tím rozšíří nabídku z dvou na pět digitálních aktiv pro zhruba 39 milionů klientů.
Charles Schwab has announced plans to expand its cryptocurrency offerings by adding Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to its Schwab Crypto platform in the coming months. The brokerage currently allows trading in Bitcoin (BTC) and Ether (ETH), and the expansion will increase its available digital assets from two to five. This move will provide Schwab’s approximately 39 million clients the option to trade these additional tokens within the same platform they use for stocks and ETFs.
Platform expansion and new assetsSchwab introduced its crypto spot trading service for retail clients in May 2026. The company stated that the new addition aims to meet increasing client demand for established cryptocurrencies. While Schwab has not given a precise launch date for Solana, Avalanche, and Chainlink, it indicated that trading will be open in the coming months.
Joe Vietri, Head of Digital Assets at Charles Schwab, emphasized that the expansion is designed to offer clients greater flexibility in constructing their portfolios. Vietri explained that customers can now “build a digital asset allocation alongside the investing and banking experience they know and trust at Schwab.”
With this expansion, clients will have more choices to build a digital asset allocation alongside the investing and banking experience they know and trust at Schwab.
The company plans to maintain its transaction pricing at 75 basis points, or 0.75% of each trade’s dollar value, describing this as one of the lowest fees among major brokers.
Infrastructure, custody and access limitationsAsset custody for Schwab Crypto accounts is handled by Charles Schwab Premier Bank, while trade execution is managed through Paxos, a blockchain infrastructure provider regulated by the Office of the Comptroller of the Currency.
However, access to Schwab Crypto is currently unavailable to residents of New York and Louisiana and is not accessible outside the United States.
Mini dictionary: Paxos is a New York-based blockchain infrastructure company that provides digital asset issuance and settlement services. It operates under US regulatory oversight and partners with financial institutions for regulated trading.
The impact of Schwab’s entry for SOL, AVAX, and LINKCharles Schwab manages more than $12 trillion in client assets, making it one of the largest brokerage firms in the United States. The decision to list SOL, AVAX, and LINK is expected to increase these tokens’ reach and appeal beyond the traditional crypto user base, bringing them to a broader retail audience.
The three tokens recorded price increases after the news went public. Solana traded near $107, an 11.6% rise within 24 hours. Chainlink rose to approximately $11.9, up 6.3%. Avalanche also climbed by over 4%, reaching $7.50, according to CoinMarketCap data.
Token24h Price ChangeCurrent PriceSOL (Solana)+11.6%$107LINK (Chainlink)+6.3%$11.9AVAX (Avalanche)+4%$7.50Schwab’s latest move marks a cautious expansion into digital assets. The company previously started its crypto platform with only Bitcoin and Ether, reflecting a careful approach while it evaluated marketplace risk and demand. Schwab asserts that the list of available tokens will continue to grow, but each addition remains subject to regulatory requirements and the company’s risk guidelines.
Cautious approach to cryptocurrencyCharles Schwab has previously described cryptocurrencies as speculative and high-risk in its reports, noting that digital assets can significantly influence portfolio volatility even at low allocation levels of 1% to 3%. The company also warns clients that these assets are not FDIC insured or SIPC protected and may lose their entire value.
Schwab’s disclosures state that digital assets are not covered by FDIC or SIPC insurance, and significant losses are possible.
While the company’s latest development brings more options for investors, Schwab maintains the right to delay or withdraw any token listing depending on regulatory changes or additional risk assessments.
Polkadot has a curious problem right now: the network is stacking up positive ecosystem developments while the Polkadot price is doing almost the opposite. Chainspect’s Nakamoto Coefficient data places Polkadot at the top of the listed networks, ahead of TON and Avalanche, suggesting a comparatively strong decentralization profile.
Yet DOT is slipping under its 50-day EMA while macro pressure and a fresh ecosystem setback complicate the bullish story for Polkadot price.
Polkadot Leads While DOT Price StrugglesThe Nakamoto Coefficient measures the minimum number of independent entities needed to control enough consensus power to disrupt a blockchain.Chainspect groups entities controlled by the same organization or individual together and only counts active participants.
A higher coefficient indicates greater resistance to coordinated manipulation. On that measure, Polkadot currently leads in the list.
There’s also plenty happening inside the ecosystem. On August 26, the DOT DAO backed Wish for Change 1926, supporting a proposal to burn 100% of DOT received from potential future JAMKB sales rather than sending it to the treasury. Importantly, the referendum itself does not implement the mechanism, and JAMKB remains a proposal awaiting future implementation.
Staking And ETF News Add More SupportThe numbers around staking are harder to ignore and are much impressive. More than 900 million DOT has now been staked, bringing the network closer to the 1 billion milestone, with rewards offered at an average rate of 2.8%.
Meanwhile, the 21Shares Polkadot Staking ETF was listed by DTCC under ticker TDOT on August 27 after being renamed from the 21Shares Polkadot ETF. The fund holds DOT and stakes between 40% and 95% through network validators, with a current staking yield of 2.04% and a 0.30% fee. So far, that’s a fairly decent pile of positives in the last couple of days.
Kraken Delisting Adds An Awkward CounterpointThen today came the less comfortable headline. Kraken is scheduled to delist Hydration’s HDX, with trading and deposits ending September 11 and withdrawal continuing until December 10. Hydration disputes the decision, arguing that HDX doesn’t meet Kraken’s criteria and that liquidity is improving rather than deteriorating.
That matters because Hydration is described as Polkadot’s biggest DeFi platform. The protocol has appealed and is seeking discussions with Kraken, while the market data shows HDX at a 3.5-year record level and ranking fourth among Kraken’s 21 scheduled delistings by 30-day volume.
DOT Price Has Macro Pressure TooDespite the ecosystem developments, the Polkadot price has weakened after reaching $1.02 on August 22. At $0.8424, DOT price has slipped below its 50-day EMA, leaving $0.71 as the next important support if selling continues.
That’s where the contradiction gets interesting. Polkadot can lead the Nakamoto Coefficient rankings, approach 1 billion staked tokens and gain ETF exposure, yet DOT can still bleed when broader macro conditions turn hostile.
For now, the Polkadot price needs demand to return, while the network needs continued ecosystem progress without more negative headlines. Decentralization is strength, but the market still wants proof that strength can translate into price.
Story Ends Here
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Na Avalanche byl spuštěn tokenizovaný fond Neuberger Securitize High Income Tokenized Fund (HINC) zaměřený na high-yield dluhopisy, CLO a leveraged loans. AVAX se drží kolem 6,35 USD a je pod rezistencí 6,43 USD.
TLDR AVAX trades near $6.35 after the launch of the Neuberger Securitize High Income Tokenized Fund (HINC) on Avalanche. HINC is sub-advised by Neuberger Berman and holds high-yield bonds, CLOs, and leveraged loans. AVAX sits below the Bollinger mid-band at $6.43, a short-term resistance point. Open interest in AVAX derivatives holds near $250 million, according to CoinGlass. A move above $6.43 could open the path to $6.67 and $6.97; a drop below $6.20 would signal more selling. Avalanche’s price sits close to $6.35 as of August 19, 2026. The move comes after news of a new tokenized fund launching on the network.
The fund is called the Neuberger Securitize High Income Tokenized Fund, or HINC. It is sub-advised by Neuberger Berman and follows a fixed-income strategy.
Securitize built the fund on the Avalanche blockchain. It adds another real-world asset product to the network’s growing list.
Avalanche’s official account described the fund on social media. The post read: “High-yield bonds, CLOs, leveraged loans. Now in a tokenized fund on Avalanche.” The message points to a mix of high-yield bonds, collateralized loan obligations, and leveraged loans inside the fund.
High-yield bonds, CLOs, leveraged loans. Now in a tokenized fund on Avalanche.
The Neuberger Securitize High Income Tokenized Fund (HINC), issued by @Securitize and subadvised by @neubergerberman, brings a new institutional fixed income strategy onchain and another large asset… pic.twitter.com/LCj2ND0Qsu
— Avalanche🔺 (@avax) August 18, 2026
Tokenization Growth on Avalanche The HINC launch follows other tokenization moves on the network. Dinari recently launched tokenized U.S. stock trading on Avalanche as well.
Securitize has also helped push Avalanche’s real-world asset market close to $2 billion. These launches show a steady build-out of tokenized products on the chain.
Despite the new fund, the AVAX price has not moved much yet. The token still trades below short-term resistance levels on the chart.
AVAX Chart Levels to Watch TradingView data shows AVAX consolidating after a downtrend in June. The price sits below the Bollinger mid-band, which is at $6.43.
Avalanche Price on CoinGecko The upper Bollinger Band sits at $6.67, marking the next resistance point. The lower band sits at $6.20, marking near-term support.
A move above $6.43 could open the door to $6.67 and then $6.97. A drop below $6.20 would point to renewed selling pressure.
CoinGlass data shows AVAX open interest near $250 million. Trading volume has swung up and down without a clear upward trend.
As of the latest check, AVAX remains near $6.35, still trading below the $6.43 resistance line.
AVAX One vykázala ve 2. čtvrtletí čistou ztrátu 35,1 mil. USD, ale po odečtení nepeněžních položek byla upravená čistá ztráta jen 2,2 mil. USD. Tržby vzrostly na 2,8 mil. USD, z toho 75 % tvořil staking.
AVAX One interim CEO Pete Wylie has said $33 million in non-cash charges accounted for most of the company’s $35.1 million second-quarter loss as staking helped revenue rise to $2.8 million.
Summary
AVAX One’s adjusted net loss was $2.2 million after excluding $33 million in non-cash charges. Staking generated $2.1 million as quarterly revenue rose from approximately $500,000 to $2.8 million. The company held 14.09 million AVAX and equivalents, with roughly 95% actively staked. Wylie said AVAX One favors established yield partners and maintains a conservative approach to debt. AVAX One interim CEO Pete Wylie told crypto.news that the reported loss did not capture the operating performance of the company’s staking, mining and digital infrastructure businesses.
“The $35.1 million number can be attention-grabbing, but it does not tell the full story,” Wylie said.
“It includes about $33 million of what are called non-cash charges, most of that being an unrealized markdown based on current prices for the AVAX we continue to hold and accumulate.”
After removing the non-cash items, AVAX One reported an adjusted net loss of $2.2 million for the quarter. Wylie said the adjusted figure provided a clearer view of the operating business, although the company’s reported results remain closely tied to AVAX’s market value.
AVAX One’s loss was driven by digital-asset markdowns According to AVAX One’s Aug. 13 earnings release, the company recorded a $29.8 million unrealized loss from changes in the market value of its digital assets. A further $2.6 million impairment came from its liquid-staking tokens, while share-based compensation and depreciation contributed approximately $600,000.
Operating expenses reached $36.2 million, up from $1.8 million during the same quarter of 2025. Excluding the $33 million in non-cash charges, AVAX One calculated adjusted operating expenses of $3.2 million.
Net loss reached $4.41 per diluted share, compared with an $8.1 million loss, or $335.88 per diluted share, one year earlier. On the company’s adjusted basis, the latest loss was $0.27 per diluted share.
Although an unrealized loss does not require an immediate cash payment, AVAX One’s results show how a declining token price can reduce the recorded value of its treasury. Wylie acknowledged that volatility is built into the strategy but said staking rewards continue to accrue in AVAX regardless of the token’s dollar price.
“We earn revenue in ‘nominal’ form, AVAX tokens, and though the current value is lower than we expected for this period, if the token price rebounds, we get the benefit as our earned rewards tokens increase in value, even though we recognized initial revenue at a lower price,” he said.
Quarterly revenue rose to $2.8 million from approximately $500,000 a year earlier. Staking supplied about $2.1 million, or 75% of the total, while Bitcoin mining produced approximately $700,000.
As of Aug. 13, the company held 14,091,424 AVAX tokens and equivalents. Approximately 95% of the holdings were staked at an annualized yield of about 5.4%, according to the earnings release.
Around 800,000 AVAX had been deployed into Treehouse. An AVAX One SEC filing describes Treehouse’s tAVAX as a liquid-staking receipt backed by BENQI’s sAVAX, with an AVAX redemption process that can take approximately 14 days.
The filing also lists smart-contract vulnerabilities, extreme market volatility, governance attacks and bridge failures among the risks associated with decentralized finance positions. AVAX One said it would typically absorb losses arising from an adverse event.
Liquidity and debt shape the treasury strategy Wylie said AVAX One allocates capital according to where management believes each dollar can create the most shareholder value. Depending on market prices and available opportunities, the company can buy AVAX, repurchase its shares, or fund selected infrastructure projects.
“Staking is the foundation of our Avalanche treasury strategy. Our Bitcoin mining operations contribute operating cash flow and provide a gateway for opportunities in the AI and high-performance computing space, an area we are actively exploring.”
During the second quarter, AVAX One repurchased approximately 144,755 common shares under its authorized $40 million buyback program. The company said it had repurchased approximately 417,537 shares since November 2025 on a split-adjusted basis.
Reported liquidity stood at approximately $21.2 million on June 30, down from $27.6 million at the end of 2025. The latest amount included $11.4 million in cash and cash equivalents, $5.4 million in restricted cash, and a $4.3 million escrow receivable.
Given AVAX’s volatility, Wylie said the company remains cautious about its capital structure, particularly debt. After the quarter closed, AVAX One retired and restructured approximately $6.8 million of convertible debt.
The August restructuring fully repaid debentures held by two institutional investors and reduced the principal owed to another investor. AVAX One also agreed to increase a covenant covering the minimum cash and Bitcoin it must maintain from $100,000 to $3.5 million.
For U.S. investors, AVAX One offers public-market exposure to an Avalanche treasury through its Nasdaq-listed AVX shares. The structure also means shareholders face risks from both the company’s operations and changes in the value of AVAX recorded in its U.S. financial reports.
Wylie took over as interim CEO while retaining his chief operating officer role after Jolie Kahn left the company in July. As previously reported by crypto.news, the board retained ZRG Partners to search for a permanent chief executive while weak AVAX prices pressured the company’s treasury strategy.
AVAX One favors explainable yield over higher returns With most of its AVAX working through staking, the company monitors yield and operating costs as it tries to increase the number of tokens held per share, according to Wylie.
“Our yield partnerships are with established, proven companies. We’d rather earn a yield we can explain than a higher one that seems too good to be true, because it probably is.”
AVAX One’s staking rewards accrue in tokens, leaving their dollar value exposed to changes in AVAX prices. Wylie said management focuses on keeping the assets productive while controlling operating expenses so the treasury can continue accumulating AVAX.
Avalanche’s Helicon upgrade could provide more flexibility if its staking changes progress from testnet to mainnet. Helicon is live on the Fuji testnet and includes proposals to reduce the minimum primary-network validator commitment from 336 hours, or 14 days, to 48 hours.
Another proposal introduces automatic staking renewal, allowing validators to set a cycle period and an auto-compounding ratio. Avalanche’s documentation says the feature applies to primary-network validators, not Avalanche L1 validators or legacy subnet validators.
Wylie said shorter commitments could improve liquidity and reduce the barrier for institutions. Since the changes remain under testing, AVAX One has not yet gained its proposed benefits in its mainnet staking operations.
Avalanche adoption supports Wylie’s treasury conviction Wylie tied the company’s long-term confidence to institutional activity across Avalanche, pointing to recent deployments involving tokenized securities, lending and stablecoin settlement.
In July, Japan’s Progmat completed the migration of ¥452 billion in issued securities and underlying assets from Corda 5 to a dedicated Avalanche L1. Progmat said the transfer covered all active projects on its platform without disrupting participating financial institutions.
According to Progmat, its platform handles 45 of Japan’s 89 publicly disclosed security-token projects and accounts for 64.6% of the country’s market by issuance value. Internal tests cited by the company found that rights-transfer processing became three to five times faster after the migration.
Aave also deployed V4 on Avalanche on July 15, its first launch of the architecture outside Ethereum. Aave’s documentation says the deployment uses a core liquidity hub with main, foreign-exchange, and AVAX-linked lending sections.
Stablecoin payments supplied another institutional test. Hyundai Card completed a $20,000 remittance pilot between Hyundai Motor entities in the United States and Mexico using USDT on Avalanche. The company said the settlement took about seven minutes.
BlackRock’s BUIDL fund, issued through Securitize, had also accumulated more than $900 million on Avalanche by July after adding approximately $436 million in one week. BUIDL invests mainly in U.S. Treasury bills, cash, and repurchase agreements, while access remains subject to investor eligibility and transfer controls.
Visa added Avalanche to its supported stablecoin settlement networks in 2025. An April 2026 company announcement said Visa’s nine-network stablecoin settlement pilot had reached a $7 billion annualized run rate, although Visa did not provide an Avalanche-specific share of that volume.
Outside its treasury operations, AVAX One is preparing an AI inference pilot at its Redwater facility in Alberta. The project is testing whether approximately 100 kilowatts of excess Bitcoin-mining capacity can support AI workloads, with the company working alongside infrastructure developer BlueFlare on additional AI and high-performance computing opportunities.
Neuberger spustil první tokenizovaný fond s pevným výnosem přes Securitize na Ethereum, Solana, Avalanche a Sui. Fond HINC cílí hlavně na high-yield dluhopisy.
Neuberger teams with Securitize on multi-chain tokenized fixed-income fund launch Latest NewsPublishedAug 18, 2026
The $613 billion asset manager will subadvise a high-yield fund tokenized across Ethereum, Solana, Avalanche and Sui.
Asset manager Neuberger has launched its first tokenized fixed-income fund through Securitize, offering an actively managed high-yield strategy across four blockchains, Ethereum (ETH), Solana (SOL), Avalanche (AVAX) and Sui (SUI).
The Neuberger Securitize High Income Tokenized Fund (HINC) will invest primarily in high-yield bonds, with additional exposure to collateralized loan obligations and leveraged loans, according to an announcement Tuesday.
The launch comes as investors are demanding higher yields amid heated competition for corporate and government funding.
“The previous market regime rewarded investors for assuming that capital would remain cheap and plentiful,” Saxo chief investment strategist Charu Chanana said in a Tuesday client note. “The emerging regime may reward investors for recognising that capital has a price again.”
The new fund is available to qualified investors, with Securitize providing the infrastructure to issue and manage tokenized shares across the four blockchain networks.
Neuberger will serve as subadvisor to a tokenized fund for the first time. Its fixed-income platform manages more than $230 billion in assets, while the firm manages about $613 billion overall.
Securitize has about $4.96 billion in distributed asset value across 26 tokenized real-world assets, according to RWA.xyz data. Its products include BlackRock’s $2.7 billion BUIDL fund, a $355 million tokenized AAA CLO fund and a $95 million Apollo diversified credit fund.
The company’s shares rose around 5% in Tuesday morning trading, giving the company a market capitalization of about $838 million. Despite the gain, the stock remains down more than 50% from levels reached shortly after its public debut in July.
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Avalanche zaznamenal za 30 dní skok objemu převodů RWA o 360,15 % na 365,29 mil. USD. Aktivita v tokenizovaných fondech peněžního trhu, akciích a soukromém úvěru na síti rychle roste.
Avalanche RWA Volume Surges 360%@Avax has posted a 360.15% spike in 30-day Real-World Asset (RWA) transfer volume, with total RWA trading activity on the chain reaching $365.29M. The numbers point to a structural shift in how tokenized financial instruments, including money market funds, equities, and private credit securities, are moving through the network.
The latest figures continue a broader trend of accelerating institutional activity on Avalanche. , underscoring how quickly the pipeline of tokenized assets has been building.
Institutional Infrastructure Driving the TrendAvalanche's growing RWA footprint is not accidental. , while
The wider RWA market is also expanding rapidly. Within that,
The volume data signals more than speculative inflows. Rising transfer activity across tokenized money, stocks, and private credit suggests real settlement demand is building on the chain, a dynamic that analysts say could have longer-term implications for the $AVAX token itself.
Sources:
CoinTrust: Avalanche Hits $2.1B in Tokenized Real-World Assets
The Block Research: RWAs as Collateral, The New Primitive
P2P.org propojil stakingovou infrastrukturu s Arkis, takže institucionální klienti mohou používat stakované Solana a Avalanche jako kolaterál a dál pobírat odměny protokolu.
P2P.org has integrated its staking infrastructure with Arkis, allowing institutional clients to use staked Solana and Avalanche assets as collateral while continuing to earn protocol rewards.
Summary
Arkis clients can use staked Solana and Avalanche positions as collateral for trades. Margin is calculated against the aggregate risk of each client’s Arkis account. Validator downtime and slashing risk will affect how Arkis values the collateral. The integration is live through the Carry Trades section of Arkis Alpha. P2P.org staking enters Arkis collateral system P2P.org said in an Aug. 13 announcement that Arkis clients can now stake supported assets through its validator infrastructure and post the resulting positions as collateral without unstaking them first.
At launch, the integration supports Solana and Avalanche. P2P.org and Arkis did not say when other proof-of-stake networks might be added.
Once deposited, the staked asset and any trades backed by it sit within a single Arkis account. The prime broker calculates margin from the aggregate risk of the account instead of assessing each position separately at the trading venue where it is held.
Clients can therefore borrow against a supported staked position in the same way that they borrow against other collateral accepted by Arkis. According to the announcement, the asset continues generating protocol rewards while it supports the client’s trading positions.
The service is available through Carry Trades in Arkis Alpha. After a client selects a staked asset, the platform displays the strategies that accept it as collateral and provides the stated economics before capital is committed.
P2P.org supplies the non-custodial staking and validator infrastructure, while Arkis handles credit, collateral, and portfolio risk.
“Collateral is only as good as the operator standing behind it,” said Artemiy Parshakov, vice president of strategic solutions at P2P.org.
Parshakov added that staking can no longer be treated as a passive balance-sheet position once an institution borrows against it. According to the executive, P2P.org’s validator operations must meet the standards applied under Arkis’s credit and risk framework.
Arkis prices validator risk into margin Adding staked assets to a margin account introduces risks that do not apply to cash or unstaked tokens. Proof-of-stake networks can penalize validators for conduct such as signing conflicting blocks or failing to meet certain network requirements.
Known as slashing, the penalty can reduce the number of tokens attached to a validator. Extended downtime can also reduce expected rewards, changing the value of a position used to support an open trade.
Arkis said its risk framework considers the quality of the staking operator when determining how the collateral should be treated. Slashing history and validator downtime are therefore assessed as margin inputs rather than excluded from the calculation.
“A growing share of institutional books sits in assets that earn yield, and credit providers have been slow to treat those positions as part of the portfolio they margin,” said Oleksandr Proskurin, chief product officer and co-founder of Arkis.
Proskurin said the integration places staked assets alongside the client’s other positions for margin purposes. Arkis chose P2P.org because the prime broker wanted to assess the operator behind the staked asset as part of its underwriting process, he added.
According to Arkis, the Spark-backed company has deployed more than $250 million in institutional credit since 2022 without recording bad debt. The figure is company-provided and was not independently verified in the announcement.
P2P.org reported that its validators operate across more than 40 proof-of-stake networks and secure over $10 billion in staked assets. The company also claimed that it has not recorded a slashing incident since its establishment in 2018 and serves more than 190 institutional clients.
Staked collateral keeps capital in use Without such an arrangement, a fund may need to unstake an asset before using it as collateral elsewhere. Unstaking can involve a waiting period determined by the blockchain, during which the holder may lose access to trading opportunities or stop receiving some rewards.
The P2P.org integration allows the staked position to remain active while Arkis uses it to support other trades. Any rewards remain determined by the underlying protocol and can vary based on network conditions, the amount staked, validator performance, and protocol rules.
Using an earning asset as collateral does not remove liquidation or slashing risk. A decline in the token’s market price, a change in margin requirements, or a validator penalty could reduce the collateral supporting an open position.
The Arkis arrangement differs from restaking, in which an already-staked asset is used to secure additional blockchain services. As an August staking explainer detailed, restaking can expose an asset to several sets of slashing conditions when it secures multiple protocols.
Under the announced Arkis structure, the supported staked position serves as financial collateral within a prime brokerage account. The companies did not state that Solana or Avalanche assets would be restaked to secure another network.
P2P.org has used similar integrations to place its staking services inside existing institutional systems. In June, crypto.news reported that Taurus had integrated P2P.org validators with Taurus-PROTECT, allowing financial institutions to stake while retaining custody and control of their assets.
An earlier collaboration added P2P.org to Northstake’s ETH validator marketplace in January 2025. The companies said the marketplace was designed to provide regulated institutions with access to Ethereum validator infrastructure.
U.S. guidance covers some staking arrangements For U.S. institutions, a May 2025 staff statement from the Securities and Exchange Commission’s Division of Corporation Finance addressed certain forms of protocol staking carried out directly or through a third-party operator.
The SEC staff statement said the protocol staking activities described in its analysis did not involve the offer and sale of securities. Its position covered some non-custodial arrangements in which token owners retain ownership and control of their assets and private keys while assigning validation rights to a node operator.
The division said its view depended on the specific facts and circumstances. Services that include additional business arrangements or depart from the activities described in the statement may require a separate legal assessment.
P2P.org describes its staking infrastructure as non-custodial, but neither company announced specific access for U.S. institutions or said that the Arkis integration had been assessed under U.S. securities law. The release also did not disclose whether geographic restrictions apply to Arkis Alpha.
In May 2025, the Office of the Comptroller of the Currency confirmed that national banks and federal savings associations may outsource permissible crypto activities to third parties when they maintain appropriate third-party risk controls. The OCC guidance addressed custody and transaction execution but did not approve P2P.org, Arkis, or the use of staked assets as trading collateral.
P2P.org separately announced an Aug. 11 partnership with BoulderTech to distribute staking and decentralized finance services in Argentina, Brazil, and Mexico. BoulderTech will connect the validator operator with regional exchanges, custodians, banks, asset managers, and funds, while both companies assess whether to deploy validator infrastructure at IRSA-backed facilities in Argentina.
V červnu získali emitenti stablecoinů na Avalanche 6,9 milionu USD z výnosu rezerv, zatímco on-chain ekonomika sítě vytvořila jen 3,1 milionu USD. Na $AVAX z toho neplyne žádný příjem.
Issuers Pocket More Than the Network EarnsA notable gap has emerged inside the Avalanche ecosystem. According to figures from the @AvalancheFDN, stablecoin issuers collected $6.9 million in yield on the reserves backing Avalanche-resident tokens in June alone. Over the same month, Avalanche's on-chain economy produced just $3.1 million in nominal Gross Chain Product, the Foundation's own measure of on-chain value added, defined as on-chain profit plus transaction fees. Issuers are earning more from parked reserves than the network itself generates, and none of that income flows back to $AVAX.
The cumulative picture is starker. Lifetime issuer income on Avalanche has reached $242.8 million. That sits against $23.5 million in @avax C-Chain fees burned since 2024, itself a fraction of the $954.8 million in lifetime on-chain production the Foundation estimates. The burn is also highly concentrated: the two largest stablecoin issuers account for roughly 96% of total issuer income, at $173.2 million and $59.7 million respectively. On the fee side, Avalanche burns 100% of C-Chain transaction fees, both base and priority, which goes further than Ethereum's EIP-1559 design, which burns only the base fee and directs priority fees to validators. That structural advantage has not been enough to close the value-capture gap.
The issuer income stream is also more stable than the network's own output. Issuer revenue swings 2.1 times from peak to trough, against a 7.5 times swing for Avalanche's on-chain output. Reserve yield tracks broader interest rate conditions rather than the ebbs and flows of on-chain activity, which makes it inherently steadier regardless of network usage.
Proposed Fixes and a Cautionary Case StudyThe Foundation has identified two protocol-level levers. ACP-67 proposes a protocol-owned stablecoin as a direct route to capturing reserve yield for the network rather than leaving it with external issuers. ACP-283 makes the C-Chain minimum gas price adjustable through validator voting, replacing the current static setting, allowing validators to respond to network conditions dynamically. The logic is that higher minimum fees mean more AVAX burned per unit of activity, improving the network's own value retention.
The Foundation's paper also points to Hyperliquid as a live example of what protocol-owned yield capture looks like in practice, and of its limits. Hyperliquid launched USDH, a native stablecoin designed to redirect reserve yield back into its own ecosystem. Under a subsequent arrangement with Coinbase, the exchange agreed to treat USDC on Hyperliquid as on-platform and pay around 90 percent of reserve income back to the protocol. Hyperliquid ultimately pushed incumbents into sharing economics directly instead of building a large standalone stablecoin ecosystem around USDH. The Foundation cites this as evidence that even a well-executed protocol stablecoin can be outcompeted by negotiating yield-sharing terms with an established issuer. It is a foundation publishing a data point that complicates the easy version of its own plan, and it is arguably the most honest part of the paper. Whether ACP-67, ACP-283, or a combination of both can meaningfully shift the value-capture balance for $AVAX holders remains an open question. All figures cited are Foundation estimates.
Sources:
From Static Constants to Dynamic Variables: What Three ACPs Say About Avalanche's Economics (Avalanche)
Avalanche Retro9000 Initiative's C-Chain Phase Goes Live (Yahoo Finance)
Avalanche Transaction Fees (Avalanche Builder Hub)
Coinbase ukončí podporu vkladů a výběrů DAI na Avalanche, Arbitrum a Optimism od 17. srpna 2026. DAI zůstane na Coinbase podporován jen na mainnetu Ethereum.
Coinbase is pulling the plug on DAI deposits and withdrawals across three major Layer 2 and alternative networks. Starting August 17, 2026, users will no longer be able to move DAI through Avalanche, Arbitrum, or Optimism on the platform.
The stablecoin will still be supported on Ethereum’s mainnet. But for anyone who’s been routing DAI through those faster, cheaper networks, it’s time to rethink the workflow.
What’s actually changing Coinbase first flagged the change back around July 13, 2026, and dropped a reminder on August 12 as the deadline approaches. The mechanics are straightforward: after August 17, any attempt to deposit or withdraw DAI via Avalanche, Arbitrum, or Optimism through Coinbase will simply stop working.
One important wrinkle: DAI isn’t actually listed for trading on Coinbase. The exchange only supports deposits and withdrawals of the token on certain networks. So this isn’t about delisting a trading pair. It’s about narrowing the infrastructure pipes through which DAI can flow in and out of the platform.
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Users holding DAI on those networks will need to either bridge their tokens to Ethereum before the cutoff or find alternative routes. Ethereum remains the one supported highway for moving DAI through Coinbase after the deadline.
And DAI isn’t alone in getting trimmed. Coinbase is also ending support for USDC on the Noble network and cbETH on various Layer 2 networks on the same August 17 date.
Why Coinbase is consolidating DAI, issued by MakerDAO, was designed to be a decentralized stablecoin usable across multiple blockchains. It’s pegged to the US dollar and backed by crypto collateral rather than bank deposits. The token has historically seen the lion’s share of its activity on Ethereum, which makes the decision to keep that network supported while pruning others a logical one from a volume perspective.
Arbitrum, Optimism, and Avalanche are all networks that offer faster and cheaper transactions than Ethereum’s mainnet. They’ve grown substantially as scaling solutions for DeFi users looking to avoid Ethereum’s sometimes painful gas fees. But for a centralized exchange like Coinbase, the question isn’t whether those networks are useful in general. It’s whether enough DAI is moving through them on Coinbase specifically to warrant continued support.
What this means for DAI users The immediate practical impact falls on a specific subset of users: those who deposit or withdraw DAI through Coinbase using Avalanche, Arbitrum, or Optimism. If that describes your setup, you have until August 17 to adjust.
The simplest path is bridging DAI to Ethereum before the deadline. Alternatively, users could withdraw DAI to a self-custody wallet on any of the affected networks and manage it outside of Coinbase entirely.
The bigger signal here is strategic. Coinbase has been methodically trimming its network support across multiple tokens, and the August 17 batch of changes covering DAI, USDC on Noble, and cbETH on Layer 2s suggests this is an ongoing program rather than a one-time adjustment.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Uniswap nasadil svůj systém Continuous Clearing Auction (CCA) na Avalanche, kde týmy mohou spouštět on-chain prodeje tokenů a automaticky zakládat likviditu na Uniswap v4.
@Uniswap has brought its Continuous Clearing Auction (CCA) system to @avax, giving teams on Avalanche a native way to run onchain token sales, set a market-driven clearing price, and automatically seed liquidity on Uniswap v4.
How the auction mechanism works The CCA framework is designed around a straightforward principle: instead of a single-moment token sale, bids accumulate across multiple blocks and every winner pays the same final clearing price. The block-by-block model is structured to improve price discovery and automate liquidity setup, letting demand interact with supply over time rather than in one instant. The uniform clearing price means what a participant pays depends on collective demand rather than execution speed or gas optimisation, a design explicitly aimed at blunting sniping bots that typically front-run token launches.
When an auction concludes, it automatically seeds a Uniswap v4 liquidity pool, so the token moves directly from sale to a live trading venue without any manual pool configuration. Teams define the key parameters: which token they are selling, the starting price, a floor price, and how long the auction runs.
The protocol was built in collaboration with Aztec, the first project to launch with CCA, and includes an optional ZK Passport module that enables private, verifiable participation. Aztec's debut auction raised $60 million from more than 17,000 bidders, with Uniswap reporting no instances of sniping or automated manipulation.
A growing multichain footprint The Avalanche deployment is part of a steady multichain expansion for the CCA product. Uniswap's CCA contracts were already live on Ethereum mainnet and the Unichain, Arbitrum, and Base layer-2 networks before Tuesday's Avalanche rollout. The system has also been live on Robinhood Chain since July 13, giving teams there a native way to sell tokens, discover a market price, and seed liquidity into v4.
Robinhood Chain processed more than $6 billion in Uniswap swap volume within ten days of its July 1 launch, underscoring the scale of activity Uniswap is now managing across its expanding network of deployments. The Avalanche addition extends that reach to one of the larger independent layer-1 ecosystems outside Ethereum.
Sources
Uniswap Labs: Continuous Clearing Auctions announcement
The Block: Uniswap rolls out Continuous Clearing Auctions on main frontend
Yahoo Finance: Inside Uniswap's land grab on Robinhood Chain
Hodnota tokenizovaných RWA na Avalanche za poslední rok vzrostla z 242 milionů USD na 1,93 miliardy USD. Securitize nyní drží více než polovinu této hodnoty.
The Avalanche blockchain has seen rapid growth in real-world asset (RWA) tokenization, as the value of tokenized assets on its network soared from $242 million to $1.93 billion over the past year. This jump represents nearly an eightfold increase and positions Avalanche among the fastest-growing platforms for asset tokenization.
Securitize’s dominant role in asset tokenizationSecuritize, an asset management and digital securities platform, has emerged as the leading issuer in Avalanche’s RWA ecosystem. The company currently accounts for more than half of all RWA value on the network, highlighting its significant influence in the development and distribution of tokenized securities.
Through Securitize, institutional clients gain access to Treasury products, money market funds, and other off-balance-sheet assets, all settled and managed through compliant transfer agents on Avalanche. The integrated infrastructure allows institutions to issue, custody, and redeem securities without relying on fragmented off-chain services.
Avalanche’s unique technical architecture, featuring subnets and sub-second settlement speeds, is frequently cited by issuers as a key reason for their preference. These features enable efficient compliance checks and high-frequency settlement, further driving adoption among institutional users.
Mini dictionary: Securitize is a fintech company specializing in the issuance and management of digitized securities on public blockchains, providing regulatory-compliant solutions for tokenizing real-world assets like stocks, bonds, and funds.
Institutional adoption and new infrastructureDemand from institutional players for on-chain Treasuries, money market funds, and other alternative assets is driving the network’s growth. Analysts point out that tokenizing real-world assets provides continuous liquidity, instant settlement, and transparent on-chain reporting. These capabilities appeal to investors and institutions seeking greater efficiency and improved auditability in their financial operations.
According to project founders, tokenization offers additional advantages by allowing RWA tokens to be used as collateral in decentralized finance (DeFi) protocols on the same network, enhancing composability and flexibility for new financial products.
For exchanges and custodians, the expanding mix of tokenized assets increases available products, while regulators benefit from improved access to audit evidence. However, the current landscape is dominated by Securitize, raising ongoing questions about issuer diversity and potential counterparty risk in the sector.
Over the past year, RWA value on Avalanche has grown nearly eightfold, from $242 million to $1.93 billion, with Securitize now accounting for more than half the total.
Path forward: Regulations and interoperabilityRecent developments signal that global interest in regulated tokenization is on the rise. Industry leaders anticipate that 2026 will see significant market initiatives, including the rollout of regulated tokenization frameworks on Ethereum Layer 2 solutions, Solana, and private blockchain networks.
Planned upgrades such as subnet interoperability are expected to facilitate broader participation from fund managers. Meanwhile, regulatory authorities in the US and EU are moving toward issuing formal guidelines governing custody practices and secondary trading of digital securities.
If current adoption trends continue, Avalanche could become the preferred blockchain settlement layer not only for traditional tokens but also for tokenized loans and other complex real-world assets.
YearRWA value on Avalanche2023$242 million2024$1.93 billionDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Avalanche spustila projekt Payments Collective pro modernizaci přeshraničních transakcí a přitahuje institucionální zájem. AVAX drží klíčový support na úrovni 6,33 USD, nad nímž míří k rezistenci na 7 USD.
Avalanche (AVAX) is demonstrating a resilient price structure, with market analysts pointing toward potential gains if current buying momentum persists. The network has drawn attention for its recent retest of a key support level, while a new payments initiative underscores institutional interest in its blockchain technology.
Technical outlook: Key support and bullish signalsAVAX is currently priced at $6.40, recording a 24-hour trading volume of $208.26 million and a market capitalization of $2.76 billion. Prices have been stable during the latest trading session, bolstered by what analysts interpret as a healthy technical foundation.
Crypto analyst CW reported that Avalanche has maintained a positive technical structure after shifting into a bullish trend. After its recent breakout, AVAX pulled back to test a rising support line, a move viewed as constructive by several market participants.
The $6.33 price level has emerged as a critical support zone. If AVAX remains above this threshold, technical indicators suggest that the cryptocurrency could advance toward the $7 resistance target. However, a break below this level would pose a challenge to the bulls aiming to sustain the upward trajectory.
Price LevelSignificance$6.33Key support$7Next potential targetSeveral analysts maintain that defending the $6.33 zone would strengthen the bullish scenario, while a breach could indicate further downside pressure.
Technical analysis points to $6.33 as a pivotal support for AVAX; continued momentum above this level could lead the token toward the $7 resistance.
Avalanche Payments Collective aims to modernize cross-border transactionsData from MSB Intel recently highlighted Avalanche’s introduction of the Avalanche Payments Collective, a new initiative focused on overhauling cross-border payment systems. The collective brings together companies operating in payments, treasury, banking, and finance, aiming to address inefficiencies that have long affected global transactions.
The initiative seeks to improve transaction processing times, lower settlement costs, and enhance capital efficiency by leveraging Avalanche’s blockchain solutions. Early members of the collective include Axiym, Nonco, SMBC, StraitsX, and AeraTech, pointing to growing institutional engagement with the Avalanche network.
The collective is designed to improve commonly cited pain points in international payments—slow settlements, high transaction fees, and the reliance on pre-funded liquidity. The strategy combines blockchain technology and sector expertise to develop a more effective framework for cross-border transactions.
Mini dictionary: Avalanche Payments Collective, a consortium of finance and payment firms leveraging Avalanche’s blockchain to improve speed, cost, and efficiency in cross-border transaction processing.
The launch highlights an ongoing trend of blockchain adoption among financial institutions seeking to modernize global payment infrastructure.
The expansion of Avalanche’s Payments Collective signals increased institutional use of blockchain to address the challenges in international settlements and capitalize on greater operational efficiencies.
Future outlook for AVAX price and network adoptionDespite optimistic forecasts regarding price and network activity, AVAX currently remains within a neutral trading range. Prospects for a breakout hinge on the broader market trend and the token’s ability to sustain levels above the $6.33 support.
Ongoing investor interest will likely focus on how the newly formed Payments Collective gains traction with both enterprises and the crypto community. Robust network growth may further reinforce the sentiment among bullish participants, with greater institutional involvement viewed as positive for token demand.
Avalanche, first introduced in 2020, is a blockchain platform recognized for its high throughput and focus on decentralized applications and enterprise use cases. The network continues to draw attention from both individual and institutional participants in the blockchain sector.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
AVAX One po restrukturalizaci dluhu musí držet minimálně 3,5 milionu USD v hotovosti a Bitcoinu, zatímco téměř 14 milionů AVAX v hodnotě zhruba 88 milionů USD se do limitu nepočítá. Akcie firmy od odchodu CEO klesly asi o 42 % na 3,20 USD.
Avalanche treasury firm AVAX One is facing fresh pressure from its lender after a debt restructuring sharply tightened the financial conditions it must meet, leaving its core asset, nearly 14 million $AVAX tokens worth roughly $88 million, entirely excluded from the new liquidity count.
A 35-Fold Jump in the Liquidity BarThe restructuring raises the company's minimum liquidity requirement by 3,400%, to $3.5 million from just $100,000. Critically, the new covenant counts only cash and Bitcoin while excluding AVAX tokens. That means AVAX One's primary treasury holding offers no relief against the threshold it must now clear.
AVAX One Technology Ltd. (Nasdaq: AVX) completed the restructuring of certain outstanding convertible debentures, which included amending provisions covering the minimum amount of cash and Bitcoin the company is required to maintain.
The broader deal saw AVAX One retire $6.8 million in outstanding principal debentures. The institutional investor waived the prior breach after AVAX One paid $1.3 million and accepted the tougher financial conditions.
CEO Exit Triggered the DefaultThe restructuring follows the July departure of CEO Jolie Kahn, whose exit triggered a default on a key-person covenant, forcing the digital asset treasury company to renegotiate its debt. Since her departure, the company's shares have fallen approximately 42% to $3.20.
AVAX One must also name an approved CEO within 180 days, while a lower conversion price on the remaining debenture could increase shareholder dilution.
Interim CEO Peter Wylie struck a measured tone. "We're pleased to have successfully restructured our convertible debt facility, which meaningfully strengthens our balance sheet and reduces near-term liabilities," he said, adding that the company can now focus on its Avalanche digital asset treasury, Bitcoin mining operations, and modular data center initiatives.
The episode underscores a persistent tension for crypto treasury firms: holding large positions in a single token can generate substantial paper value while offering little protection when lenders demand liquid, traditional assets. Until AVAX One names a permanent CEO and demonstrates compliance with the new threshold, the gap between its token holdings and its lender's requirements will remain a live risk.
Sources:
CryptoSlate: AVAX One holds $88 million in Avalanche tokens, but its lender only wants cash or Bitcoin
SEC Filing (Form 8-K): AVAX One Strengthens Balance Sheet Through Successful Restructuring of Convertible Debt Facility
KNEC zapsala na Avalanche C-chain více než 15 milionů akademických záznamů v Keni, včetně údajů od roku 1989. Certifikáty KCSE 2025 pro téměř 1 milion studentů jsou nyní dostupné pouze přes e-certifikační platformu.
A nationwide e-certification system built on Avalanche transforms how an entire country verifies academic records, turning millions of certificates into tamper-proof, instantly auditable credentials.
Every year, millions of students across Kenya complete their final examinations, concluding years of study with a singular milestone: an official certificate. These records represent more than grades; they are the definitive keys to employment, higher education, and economic mobility. Yet, for decades, proving that a certificate is real has depended on slow, manual processes and layers of administrative trust.
Verifying an individual's academic history meant submitting requests to traditional portals or sending manual offline files. A workflow that takes anywhere from a month for single checks to upwards of six months for high-volume mass recruiters. Even recent attempts to modernize, such as adding QR codes to printed documents, remained bound to traditional databases vulnerable to manipulation or spoofing by bad actors setting up lookalike validation websites.
The ’s new blockchain initiative, leveraging the through a local Kenyan technology provider, starts from a different premise. An academic record is an immutable event in a person's life that should stand securely on its own. By anchoring national certification data on Avalanche C-chain, KNEC is moving past traditional database vulnerabilities to establish a system where credentials can be independently and instantly verified.
Upgrading Paper Credentials to Cryptographic TruthAt the center of this transition is the shift from physical issuance to secure, digital e-certificates. Each historic and current examination record is converted into a blockchain-secured asset on the Avalanche C-Chain, creating an unalterable registry that can be queried instantly.
That shift changes the landscape for both job seekers and employers. Mass recruitment and academic placements depend on absolute accuracy and speed. Instead of relying on manual bureaucratic checks, verifiers can now confirm a candidate's credentials in seconds through a dedicated, secure portal.
The solution moves verification entirely from institutional trust toward public, programmatic proof.
Deploying Infrastructure at a National ScaleThe scale of the rollout is designed to cover the country’s entire educational pipeline. The initiative immediately anchors more than 15 million academic records onto the Avalanche C-Chain, with records dating back to 1989. KCSE 2025 certificates for nearly 1 million students are now exclusively available via the e-certificate platform.
Moving forward, the system is projected to reach roughly 35 million verifiable records and will process millions of new certificates every year. The scope spans multiple tiers of the national education structure, including:
Primary and secondary milestones, covering Grade 8 (KCPE) and Grade 12 (KCSE) records.
Advanced diploma programs.
Government Teaching Faculty certification programs.
By securing both historical databases and upcoming graduation cohorts, the platform future-proofs the sanctity of Kenya's national educational data at scale.
“Candidates no longer have to rely solely on physical certificates. Instead, they can securely access, download and verify their KCSE certificates online, providing a faster, more reliable and more convenient way of managing academic credentials in the digital age” - KNEC Chief Executive Officer: Dr David Njengere.
The Foundation for High-Throughput Public GovernanceKNEC's initiative builds on a pattern already proven elsewhere on Avalanche. In India, the Dantewada district in Chhattisgarh used the same LegitDoc platform to digitize over 700,000 land records dating back to the 1950s, cutting verification times from weeks to under a day and giving officers a tamper-proof, instantly auditable registry.
That same underlying architecture, now applied to KNEC's academic records, reflects a broader trend of governments turning to Avalanche for their records and certificates: the California DMV has digitized 42 million vehicle titles to fight lien fraud, while Bergen County, New Jersey is tokenizing 370,000 property deeds, representing $240 billion in real estate value, in the largest blockchain-based land registry project in U.S. history.
Across land, vehicles, and now academic credentials, the same conclusion holds: when public institutions need records that are fast, auditable, and resistant to tampering, they're increasingly building on Avalanche.
A Global Blueprint for Digital SovereigntyWhat KNEC is building stretches beyond simple digitization. It is a blueprint for national data sovereignty and public trust across the African continent.
By combining national administration with decentralized validation, KNEC has established a framework where academic achievement can be recognized, trusted, and utilized globally without friction or delay.
A student's hard work has always been a matter of record. What is changing is how securely that record is held, and how confidently the world can trust it.
AVAX za posledních 24 hodin vzrostl téměř o 7 % díky rostoucí aktivitě v Avalanche, včetně RWA a upgradu Helicon. Securitize na síti distribuoval aktiva za 976 milionů USD, což je za 30 dní nárůst o 123 %.
The latest rally has pushed AVAX into a major demand zone as Avalanche sees an increase in RWA activity and network developments.
AVAX gained nearly 7% over the past 24 hours after briefly tapping $6.92 on Tuesday before pulling back to $6.79. The token is also up a little over 5% on the weekly timeframe.
The move comes as several developments add activity across the Avalanche ecosystem.
RWA Activity, Stablecoins and Network Upgrades Securitize has now distributed $976 million in asset value on Avalanche, which is a 123% increase over the past 30 days. The ecosystem has also seen progress on its Helicon upgrade.
The upgrade, which went live on the Fuji Testnet on July 28, brings several changes to the C-Chain. It introduces decoupled, continuous transaction execution, which separates transaction execution from block generation to improve how smart contracts process data.
Helicon also adds Auto-Renewed Staking, which allows validators to opt into automatically renewing their stake and reducing administrative work for network operators. The upgrade also lowers the minimum staking duration, thereby reducing the amount of time tokens must remain locked for staking. It further brings more efficient pricing mechanisms aimed at stabilizing transaction costs on the network.
Separately, Avalanche continues to rank among the leading stablecoin networks. The network’s stablecoin market cap currently stands near $1.5 billion.
It is also the ninth-largest blockchain by RWA holder count, with 9,218 holders, according to RWA.xyz, and ranks behind Robinhood, Solana, BNB Chain, Plume Network, Ethereum, Base, Polygon, and Stellar, while remaining ahead of Arbitrum.
You may also like: Is Avalanche Falling Behind? Social Media Debates Heat Up Over AVAX Growth Slowdown Another notable development for Avalanche came from Japan. Progmat, Japan’s largest security token platform, completed its move to the blockchain last month, bringing more than $2.7 billion worth of tokenized assets onto the network.
The platform migrated from a private Corda-based ledger to a dedicated public Avalanche Layer 1. Progmat accounts for over 64% of the country’s security token issuance value and also includes major tokenized real estate and corporate bond projects.
Inflection Point AVAX’s latest recovery comes after a month of choppy price action. The crypto asset is trading within a long-term historical demand zone of the $6.4-$7.5 area identified by market expert ‘The Boss.’ The findings reveal that buyers are attempting to slow the decline, which makes it a potential “inflection point rather than just another support level.” The Boss further explained,
“What happens next will define the broader structure. A sustained defense of this demand zone could lay the foundation for a long-term accumulation phase, while a confirmed monthly breakdown would signal that sellers still control the higher-timeframe trend.”
Dinari nasadil platformu dShares nativně na Avalanche C-Chain a otevřel tak on-chain přístup k 724 americkým akciím a ETF, včetně všech titulů z S&P 500. dShares jsou kryté v poměru 1:1 a zachovávají práva akcionářů.
@DinariGlobal has deployed its dShares™ platform natively on the @Avax C-Chain, opening direct on-chain access to U.S.-listed equities for eligible investors and businesses. The rollout covers 724 stocks and ETFs, including every constituent of the S&P 500, all held within a self-custodial framework.
What dShares Are and How They Work dShares are 1:1 backed by underlying U.S. equities and retain all shareholder rights, including dividends and corporate actions, with voting rights retained where permissible. Unlike synthetic products or derivatives that merely mimic price movements, dShares retain shareholder rights, meaning dividends, corporate actions, and instant settlement.
Dinari also operates as an SEC-registered transfer agent, while its broker-dealer subsidiary is registered with the SEC and belongs to FINRA and SIPC. It obtained a broker-dealer registration in June 2025 for its subsidiary, making it the first U.S. platform cleared to legally offer blockchain-based shares to domestic investors.
Settlement on the platform runs through @Circle's $USDC, enabling seamless intraday transactions. Dividend distributions are delivered natively on-chain, allowing participants to reinvest immediately within the digital ecosystem without routing funds back through traditional infrastructure.
Multi-Chain Reach and Avalanche's Growing RWA Footprint The Avalanche C-Chain deployment extends a multi-chain strategy that already covers @Ethereum, @Arbitrum, and @Base. The C-Chain integration extends compliant, 24/7 tokenized equity settlement into Avalanche's primary smart contract environment, making these assets accessible across DeFi protocols including DEXs, lending, and collateral use.
For Avalanche, routing dShares activity through C-Chain can increase transactions, total value locked, and demand for $AVAX as gas, while also strengthening Avalanche's positioning in the tokenized securities and RWA segment. Avalanche currently holds over $1.6 billion in tokenized assets and surpasses $473 million in monthly transfer volume, positioning itself as one of the most significant real-world asset ecosystems in the crypto industry.
The broader Dinari Financial Network aims to unify clearing and settlement for tokenized equities across various chains, similar to the DTCC's role in the U.S. stock market. All dShares are issued under a compliance-first framework that includes KYC, AML, and third-party audits.
Sources:
Avalanche Foundation: Dinari Launches the Dinari Financial Network
CoinDesk: Tokenized Equity Specialist Dinari to Launch Blockchain With Avalanche
Crypto Briefing: Dinari Launches dShares on Avalanche C-Chain
Avalanche Foundation představila nový ekonomický rámec pro $AVAX, který má lépe měřit hodnotu sítě a podporovat systematické zachycování hodnoty. Součástí jsou metriky Gross Chain Product a Gross Chain Income.
The Avalanche Foundation (@AvalancheFDN) has released an official Economic Research Agenda, shifting the protocol's focus toward systematic value capture for $AVAX. The framework introduces two new analytical metrics: Gross Chain Product (GCP) and Gross Chain Income (GCI), positioned as the primary tools for measuring total economic output across the Avalanche ecosystem.
A New Lens for Blockchain Economic Output GCP is designed to evaluate economic output generated by blockchain participants, offering a methodology more closely aligned with the principles used to measure national economies. A key feature of the framework is its distinction between nominal and real economic activity. Nominal GCP measures output using prevailing token prices, while real GCP adjusts for price fluctuations to isolate changes in underlying economic activity. This methodology is adapted from the Fisher chain-weighted index used in national GDP calculations, addressing the unique challenges of blockchain economies where hundreds of tokens with volatile prices circulate simultaneously.
The foundation applied GCP to its C-Chain from January 2025 to March 2026, revealing three distinct phases: a spike in April 2025 driven by liquidation cascades that inflated nominal metrics; a period of steady, broad-based DeFi growth under stable macro conditions mid-2025; and a sharp contraction in late 2025 to early 2026 as falling collateral values reduced borrowing capacity and trading volumes.
Moving Beyond Transaction Fees The evidence-based agenda aims to transition the network from a narrow transaction-fee model to a diversified revenue structure. The approach encompasses MEV, application revenue sharing, and L1-native mechanisms. The foundation has been developing its own frameworks for evaluating tokenomics, validator economics, and on-chain economic activity, including ongoing research into value accrual mechanisms for proof-of-stake networks.
AVAX's price has not consistently reflected growing network activity, a disconnect that has surfaced repeatedly in community discussions. This is not unique to Avalanche. Most major Layer 1s reach this point eventually, highlighting that usage and token value do not automatically move together. The relationship between on-chain activity and token demand is more complicated than it appears on the surface. The new framework is a direct attempt to address that gap with rigorous, data-driven analysis.
Cryptoassets do not fit neatly into existing asset pricing frameworks. They exhibit characteristics of currencies, equity-like claims on network revenues, and access tokens simultaneously, especially the native assets of proof-of-stake blockchains. The foundation is seeking research that develops and tests frameworks for understanding how value accrues in these systems, with particular attention to protocol-level design choices and their long-term implications.
Sources:
Avalanche Foundation: Research Grants on Avalanche Network Economics
CoinTrust: Avalanche Unveils GCP Metric to Measure Blockchain Economy
Blockchain.News: Avalanche Proposes Gross Chain Product to Measure Blockchain Economies
Avalanche aktivovala upgrade Helicon na testnetu Fuji. Přináší automaticky obnovované stakingy, kratší minimální dobu stakingu a Continuous Execution na C-Chain.
What the Helicon Upgrade IntroducesThe Avalanche (@avax) Foundation has activated the Helicon upgrade on the Fuji Testnet. The upgrade went live on July 28, 2026, at 11:00 AM ET, bringing auto-renewed staking, shorter minimum staking durations, and Continuous Execution to the network.
The upgrade is driven by six Avalanche Community Proposals (ACPs) and is currently in testnet-stage testing rather than live on mainnet, so any staking-economics changes are not yet in effect for $AVAX holders. It builds on the earlier Octane and Granite upgrades.
One of the headline changes is the introduction of Continuous Execution to the Avalanche C-Chain. The C-Chain runs an EVM-compatible smart contract environment, sits alongside the X-Chain for asset issuance and the P-Chain for validator coordination, and is at the heart of most consumer-facing activity on the network.
On the staking side, the upgrade draws on proposals including ACP-236. Continuous staking makes it easier for users to keep their funds staked longer by reducing friction and the number of transactions required, with validators able to stake continuously and accrue rewards once per specified cycle. The current system restricts flexibility by requiring stakers to specify an explicit end time and enforcing minimum and maximum staking durations, limiting their ability to respond to changing market conditions or liquidity needs.
What Comes NextAva Labs founder Emin Gün Sirer (@el33th4xor) noted that the changes prioritize correctness over convenience, signaling that the team is taking a measured approach before committing to mainnet activation. The Foundation confirmed that mainnet timing will be announced in a future pre-release update.
Avalanche Community Proposals are how protocol upgrades are introduced and discussed within the ecosystem. Rather than implementing changes immediately, proposals are published publicly so validators, developers, researchers, and community members can review them before they are adopted.
The Fuji Testnet serves as Avalanche's primary staging environment before any changes reach production. It is used to safely trial upgrades, smart contracts, and cross-chain features before mainnet deployment.
Analýza 278 týdnů dat z Avalanche ukazuje, že se validátoři řídí hlavně ročním výnosem (APY), ne celkovým výnosem za období. Snížení minimální doby stakingu samo o sobě téměř nic nemění, zatímco úprava výnosové křivky může prodloužit staking i zvýšit delegace.
An analysis of 278 weeks of P-Chain data reveals how Avalanche validators and delegators weigh yield, duration, and fees, and what their behavior could mean for proposed changes to staking parameters.
At the Avalanche Foundation, we are in the process of evolving how we support and develop the ecosystem. A core part of that evolution is building a more rigorous, evidence-based foundation for the decisions we make, whether that means how we allocate grants, how we measure ecosystem health, or how we evaluate proposed changes to protocol mechanics.
Rather than relying on stylized assumptions about how ecosystem participants behave, we try to recover actual preferences from on-chain data and use those estimates to inform decisions before they are implemented. This article applies that approach to ACP-275 and ACP-285.
The ACPs propose lowering the minimum staking duration on Avalanche's primary network and adjusting the yield curve parameters that govern staking rewards. Both are plausible levers for improving network flexibility and validator participation. But their actual effects depend on something the aggregate data cannot tell us directly: how validators and delegators actually form preferences over yield, duration, and fees. We believe that using a joint structural estimation covering 278 weeks of P-chain data, roughly 375,000 delegator observations, and 1.5 million validator choice-set alternatives.
The central finding reframes how we think about the policy levers at hand: validators optimize over annualized yield, not total period income. That single result changes which parameter actually drives behavior, and by how much.
The QuestionAvalanche validators lock up AVAX and choose how long to stake and what fee to charge delegators. Recent ACPs propose lowering the minimum staking duration and adjusting the yield curve. Whether these changes reshape validator behavior depends on two fundamental questions:
How do delegators trade off delegation rewards, fees, and duration?
How do validators trade off staking rewards income, delegation fee income, and duration?
We answer this using a joint structural estimation of delegator and validator staking preferences, covering 278 weeks of P-chain data, roughly 375,000 delegator observations, and 1.5 million validator choice-set alternatives.
The ModelWe treat the staking market as two-sided. Delegators are consumers choosing from a menu of validator-duration "products," picking based on APY, lock-up length, validator size, and track record. Using Berry (1994), we recover delegator preferences from aggregate market shares.
We find delegators prefer higher APY, shorter durations, and larger validators, with particular aversion to long lock-ups during volatile periods (see Appendix A).
Validators are the supply side. They earn staking rewards from their own stakes by choosing the duration, and at the same time earn delegation fees from delegated stake by choosing duration and fee configurations. We model this using McFadden's (1974) conditional logit, where each validator picks the configuration maximizing expected utility: yield income plus fee income minus the optionality cost of locking capital. The two sides connect through adaptive expectations: validators forecast their delegation using the estimated delegator model (see Appendix B).
Two key assumptions simplify the framework. First, delegators are infinitesimal price-takers whose individual choices do not affect the supply side. Second, validators must stake a fixed amount (i.e., no choice of stake size), which is consistent with observed validator behavior and the institutional constraints active validators have described in conversations with the Foundation. Third, both delegators and validators evaluate staking configurations based on annualized yield, a specification that is strongly favored by the data relative to alternatives and discussed further in the estimation results below.
Estimation Procedure and ResultsWe follow a three-stage estimation procedure:
Estimate delegator preferences using delegator choice data,
Compute expected delegated stake using the estimated delegator preferences under all possible validator staking configurations,
Estimate validator preferences using the observed validator chosen staking configurations.
Delegator preferences. Delegators value higher APY and shorter lock-ups, with a clear tradeoff between the two: since both enter utility in log form (coefficients of +0.44 on log APY and -0.64 on log weeks), a 1% increase in staking duration requires roughly a 1.5% increase in net APY to leave a delegator indifferent. They also strongly prefer larger validators (coefficient +0.29 on log stake), consistent with a pattern where delegators treat larger nodes as safer or more reliable.
Market conditions matter: the negative interaction between duration and AVAX volatility (-0.62) means delegators become substantially more averse to long lock-ups when volatility rises, shortening their preferred durations in turbulent periods (see Appendix A for full coefficients).
It is worth noting that the delegator model's R-squared of 0.202 is modest in absolute terms. This is expected in BLP-style market share regressions, where the object of interest is the recovered preference coefficients rather than overall fit, and where market-level aggregation limits the explanatory power of any single specification. The coefficient estimates are precisely identified and economically interpretable; the fit statistic should be read in that context.
Validator preferences. Validators trade off yield income, fee income, and duration, with a strong preference for higher annualized yield and a well-defined cost of locking capital. The marginal rate of substitution is approximately 0.8 percentage points per year of additional annualized yield per extra week of staking duration. This number is remarkably stable: it varies by less than 7% across low, medium, and high price-volatility environments, indicating that validators have consistent, well-defined preferences over the yield-duration tradeoff regardless of market conditions. The optionality cost of locking capital (duration multiplied by volatility) is significant and negative, confirming that validators internalize the risk of being locked in during volatile periods. Interestingly, fee income enters negatively in the APY specification, suggesting validators view fee revenue as a secondary consideration that they trade off against yield when choosing configurations (see Appendix B and C for full coefficients and MRS tables).
Policy SimulationsWe simulate scenarios varying two levers: minimum staking duration and min_consumption_rate (the yield curve parameter controlling how steeply short durations are penalized).
Lowering minimum duration alone barely changes average duration but produces a 53% decline in delegation. This result reflects a mechanical constraint: delegators cannot delegate to validators whose staking duration falls below two weeks. It is important to note that this scenario isolates the duration change without any accompanying yield curve adjustment; The combined scenarios below show a materially different picture.
Lowering min_consumption_rate alone (0.10 to 0.08) shifts validators to 68% longer durations (10.0 to 16.9 weeks) and increases delegation by 46%. The mechanism: lowering this parameter compresses short-duration APY while barely affecting long-duration APY, pushing APY-focused validators toward longer stakes.
Combined effects produce graduated responses. At min_consumption_rate = 0.09, average duration rises to 12.5 weeks; at 0.08, to 16.7 weeks; at 0.07, to 20.9 weeks. Delegation ratios decline in all combined scenarios (40% decline in the primary scenario), though substantially less than the 53% decline from duration reduction alone.
Recommendations and CaveatsOur estimates are most consistent with coupling lower minimum staking duration with a moderate min_consumption_rate reduction in the range of 0.08 to balance duration effects against delegation declines. More drastic reductions produce extreme duration shifts in parameter regions where the model's out-of-sample reliability is lower, and should be treated with additional caution.
These findings come with important limitations. Both short minimum durations and lower min_consumption_rate values are outside the historical data; results are directional, not precise. The log-linear functional form may amplify behavioral responses in out-of-sample regions (the jump from 12.5 to 20.9 weeks over a 0.02 parameter change warrants caution). The model captures static equilibrium, not dynamic adjustment. And all combined scenarios predict delegation declines whose magnitudes depend on assumptions about delegator substitution.
Conversations with active validators would help ground-truth the central finding: do validators actually think in APY terms? The structural estimation strongly favors this interpretation, but direct evidence would strengthen the policy foundation.
ConclusionThe central finding is that validators think in APY terms. Once you accept that framing, the policy implications follow directly. The yield curve is the primary lever shaping staking behavior; the minimum duration floor is secondary. Lowering the minimum duration alone barely moves the distribution. Adjusting min_consumption_rate does, by compressing short-duration APY and pushing APY-focused validators toward longer commitments. The two levers are complements, but they are not symmetric.
As with the equilibrium tokenomics framework we outlined previously, the value of this analysis is not that it answers what the optimal parameters are. It is that it gives us a disciplined basis for asking the question. The simulations identify a tradeoff that intuition alone would miss: combined interventions produce meaningful duration lengthening, but also delegation declines whose magnitudes sit at the edge of the historical data. A moderate min_consumption_rate reduction to approximately 0.08 is where our estimates suggest the directional goals of ACP-285 can be achieved while limiting exposure to the model's out-of-sample sensitivity.
These results should inform protocol deliberation, not substitute for it. Conversations with active validators remain an important complement to what the structural estimates can tell us. And as Avalanche's staking parameters continue to evolve, monitoring how delegation behavior responds to any implemented changes will help sharpen the empirical foundation for the next round of design decisions. Protocol design is iterative. So is the research that informs it.
Over the coming weeks and months, I will be sharing more research and analysis across the topics at the Avalanche Foundation: tokenomics and value accrual, validator economics, ecosystem measurement, and grants program design. If there are areas where deeper analysis would be useful to you, whether that is a specific mechanism, an open question in the ecosystem, or a topic you think deserves more rigorous treatment, I would welcome that input in the comments.
Disclaimer: This article is for informational and research purposes only and does not constitute investment advice, an offer, or a solicitation. The analysis reflects hypothetical modeling based on historical data and should not be relied upon as a prediction of future performance.
MNL log-odds via Berry (1994) inversion. Weekly market shares are computed from delegation volumes, then log-odds (relative to the outside option of not delegating) are regressed on product characteristics using OLS.
Model Statistics
Validator Staking Rewards Appendix Image 01 - model statistics
Delegators prefer higher APY, shorter durations, and larger validators. The negative log(weeks) x volatility interaction indicates delegators are especially averse to long commitments during volatile periods. The only insignificant feature is the volatility level effect itself.
The APY-thinking spec achieves roughly 3x better pseudo R-squared and vastly lower AIC/BIC with the same number of parameters.
Validator Utility Function
Validator Staking Rewards Appendix Image 04 - Validator Utility Function
Appendix C: Marginal Rate of SubstitutionThe MRS measures how much additional annualized yield a validator requires to accept one more week of validation duration, holding utility constant. Evaluated at the median point (9-week duration, 2,000 AVAX stake, 10% fee, median price/volatility):
Under the APY-thinking spec, validators require approximately 0.80-0.85 percentage points per year of additional annualized yield to accept one more week of staking duration. This is remarkably stable across market conditions, varying by less than 7% across the full price-volatility grid. This consistency indicates well-defined, stable preferences over the yield-duration tradeoff.
Under the period-yield spec, the MRS is erratic: it flips sign in low-volatility environments (negative MRS implies validators would pay to extend duration, which is economically implausible) and exceeds 180 pp/yr in high-volatility regimes. This instability reflects the poor identification of yield in the period-yield model.
Appendix D: Simulation Scenarios and ResultsProtocol Yield Formula
Validator Staking Rewards Appendix Image 06 - Protocol Yield Formula
Validation Duration Distribution (APY-Thinking Model)
Validator Staking Rewards Appendix Image 07 - Validation Duration Distribution
Validation Duration Distribution
The baseline concentrates around 5-13 weeks. Lowering r_{\min} shifts mass rightward. At r_{\min} = 0.07 (Scenario 6), validators concentrate in 20-52 week durations as short-duration APY collapses. The graduated response from r_{\min} = 0.09 through 0.07 is visible as a progressive rightward shift. The sawtooth-shape towards the longer duration is due to discretization of the choice grid to reduce computation time.
Validation Yield Distribution
Validator Staking Rewards Appendix Image 08 - Validation Yield Distribution
Validation Yield Distribution
Unlike the period-yield model, the yield distribution reshapes as r_{\min} decreases: scenarios with lower r_{\min} develop broader, leftward-shifted distributions as validators split across different duration-yield combinations. The behavioral response (longer durations) partially offsets the mechanical yield decline. The sawtooth-shape towards the longer duration is due to discretization of the choice grid to reduce computation time.
Extrapolation caveat
All counterfactual scenarios involve extrapolation beyond the historical data in two dimensions:
(1) the minimum staking duration of 2/7 weeks has never been used on Avalanche’s P-chain, and
(2) min_consumption_rate values below 0.10 have never been in effect.
The sensitivity analysis across r_{\min} \in \{0.09, 0.08, 0.07\} illustrates this concern: average validation duration shifts from 12.5 weeks to 20.9 weeks from a 0.02 change in r_{\min}. This high sensitivity is an artifact of the log-linear functional form of the validator utility function, which fits the historical data well but may not extrapolate reliably to parameter regions far from the estimation sample. These simulation results are best interpreted as directional indicators of policy effects rather than precise point estimates.
These results should inform, not replace, protocol deliberation. The counterfactual scenarios involve extrapolation beyond historical data on both dimensions, and the log-linear functional form that fits well in-sample may not generalize to novel parameter regions. Stakeholder interviews with active validators remain an important complement to the structural estimates. Direct evidence on whether validators actually reason in APY terms would substantially strengthen the policy foundation these simulations provide.
Avalanche Foundation říká, že ekonomika validátorů na Avalanche je neudržitelná a potřebuje redesign. Zvažuje model navázaný na aktivitu sítě, výkon a dlouhodobou bezpečnost.
An examination by the Avalanche Foundation of four structural challenges in Avalanche validator economics and the need for a more sustainable model that aligns rewards with network activity, performance, and long-term security.
Why Avalanche Validator Economics Need a Redesign
Following up on my tokenomics thread, here's another uncomfortable truth I think many in this industry already see but few are willing to say:
Validator economics on most PoS chains, including Avalanche, were designed for an earlier stage. As these networks mature, structural misalignments are emerging that threaten long-term network security if left unaddressed.
Here are four structural problems to address:
Inflation as the Sole Revenue Source Has an Expiration Date
Validators Have Zero Alignment With C-Chain Success
Inflation Is Dilutive, and the Math Is Visible
Validator Markets Are Perfectly Competitive, and That's Actually a Problem
Let's walk through them.
Problem #1: Inflation as the Sole Revenue Source Has an Expiration DateValidators today earn rewards almost entirely from token issuance. On Avalanche, that's roughly 6-7% APY paid in newly minted AVAX.
But issuance is finite. As we approach supply cap, validator rewards shrink toward zero. And when they do, validators have no economic reason to stay.
Network security becomes a depreciating asset.
Think about what that means at the limit. If the only thing keeping validators online is inflation, then the security budget of your chain is literally counting down. Every token minted brings you closer to the moment where the economics no longer justify running a node.
That's not a distant theoretical risk. It's a deep economic design flaw that needs to be addressed now, while we still can. And critically, better code alone won't fix it. This is an economics problem that requires an economics solution.
Problem #2: Validators Have Zero Alignment With C-Chain SuccessOn Avalanche, all C-Chain transaction fees are burned. Every single one. Validators don't see a cent of it.
The very activity that makes the network valuable generates no revenue for the people securing it. The more the C-Chain thrives, the more work validators do, with no incremental upside.
This connects directly to my previous tokenomics thread. We already showed that the burn mechanism is weakening over time as a value accrual tool. It hits the inelastic supply side and its impact converges toward zero as the chain scales.
So you have a mechanism that is both a weak value accrual channel and excludes validators from participation. One path worth exploring: whether some portion of those fees could flow to validators instead, giving them a revenue stream tied to actual network usage rather than inflation alone.
This is one of the things we're actively researching at the Avalanche Foundation.
Problem #3: Inflation Is Dilutive, and the Math Is VisibleCirculating supply has grown since launch. That's not inherently bad - inflation subsidizes network security. But when inflation is untargeted, it silently transfers value from holders to validators, without those validators having a sustainable revenue model once inflation runs out.
That's not a validator failure. It's an incentive design problem. And it's exactly what we need to fix. Inflation should be used surgically. To reward specific behaviors: uptime, performance, ecosystem contribution. Not as a blanket payment for passively existing on the network.
Problem #4: Validator Markets Are Perfectly Competitive, and That's Actually a ProblemFrom a delegator's perspective, validators are nearly indistinguishable. Same chain, same rewards, same slashing rules. The only real differentiator is commission rate.
Consider the two extremes. A monopoly has full pricing power precisely because they're unique and barriers to entry are extreme - they capture all the value. A perfectly competitive market has no differentiation, no pricing power, no barriers to entry - value capture may collapse to zero.
Validators sit squarely in the second bucket. The lesson isn't that monopolies are good. It's that heterogeneity creates pricing power, and pricing power is what makes validation a sustainable business.
And that's exactly what we see playing out. Delegation fees compress toward zero as validators undercut each other to attract stake. This likely makes running a validator increasingly unsustainable over time, especially for smaller independent operators. The end state is consolidation around a few large, well-capitalized validators. That's the opposite of decentralization.
A market solution is needed, not a technical one. Something that reshapes the economic incentives, not just the codebase. One direction worth exploring: fee structures that reward longevity and proven track record. A validator that has reliably secured the chain for years should not compete on the same terms as one that spun up yesterday. There are other approaches too. We're thinking through several.
From Diagnosis To DesignTo summarize the four problems: inflation-only rewards have an expiration date. Validators are economically disconnected from the chain's success. Inflation is dilutive and poorly targeted. And perfect competition drives delegation fees into unsustainability.
These aren't complaints. And they aren't bugs you can patch with a protocol upgrade. These are deep economic problems baked into the incentive structure itself. Better code alone won't fix this. These problems require rigorous economic design - the kind that accounts for game theory, market structure, and long-term incentive alignment, among others.
None of this is new to many of you.
People in this community have been raising these issues for a long time. Having this conversation openly isn't a sign of weakness. It's a sign that we're ready to move from diagnosis to design.
At the Avalanche Foundation, we are hard at work on a sustainable validator economics model that addresses each of these. We're working through the design and will share our thinking as it comes together. Community input will be essential to getting this right.
And if we get this right, it won't just matter for Avalanche. It could set a new standard for sustainable economic design across the industry.
Community Already IdeatingI also want to say this: we see the community already working on these problems.
Shout out to @ijaack94 and his work on ACP-247 - particularly the thinking around delegation multipliers. Giving validators more room to build a business without requiring so much capital upfront to get started is exactly the kind of questioning that moves us forward.
We're listening. We see you. And we want to solve this problem with you.
Let’s Talk About ItI want to hear from you. A few questions to get the conversation started:
Which of these four problems do you think is most urgent to solve?
Are there validator economic models from other chains worth borrowing from?
At what point does the economics of running a node stop making sense for you?
No perfect answers here. That's the point. The best solutions will come from this community thinking through these tradeoffs together.
Drop your thoughts below in this social post on X.
Aave v4 has officially entered the big leagues, hitting a new milestone with $300 million in deposits across Ethereum and Avalanche as of mid-July 2026. This surge underscores the protocol’s accelerating adoption and market appeal in a competitive DeFi landscape.
The Details For those keeping score at home, the $300 million in deposits is complemented by $100 million in active loans, demonstrating robust user engagement and capital flow. This deposit base has ballooned by 50% over the past month alone—a clear indication that the rollout strategy following Aave v4’s Ethereum launch is paying off.
After initially setting up shop on Ethereum’s mainnet on March 30, 2026, Aave expanded its reach by crossing over to Avalanche on July 15, 2026. The protocol’s move into Avalanche territory marks a deliberate effort to tap into a broader DeFi ecosystem, aligning with Aave’s longstanding multi-chain strategy.
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Background Aave, originally known for pioneering decentralized finance lending, has been on a relentless path of innovation. The v4 upgrade isn’t merely an incremental change; it’s a reimagining of what a lending protocol can be. With features like the Reinvestment Module and hub-and-spoke architecture, this latest version aims to enhance capital efficiency and user experience.
This commitment to innovation is embodied in the activity seen beyond financial metrics. Developer engagement, a key indicator of a protocol’s health, has surged. From May to July 2026, the number of core developers grew from around 10 to 15, mirroring the uptick in GitHub output and pointing to an increasingly vibrant development community.
What This Means for Investors For investors with a keen eye on DeFi, Aave v4’s performance could signify larger shifts underway. The nearly 8% rise in the AAVE token price, from $88 to $96, post-announcement, suggests market participants are buying into the platform’s promise. It signals a vote of confidence in Aave’s capability to not only advance technologically but also sustain momentum in the DeFi space.
Moreover, Aave is doubling down on its multi-chain integration strategy. This move could attract projects focused on tokenized real-world assets, a burgeoning aspect of the DeFi arena that could lead to an influx of liquidity. Given the current trajectory, Aave might soon find itself at the epicenter of transformative developments in decentralized finance.
As Aave continues to harness its robust feature set and attract developer talent, traders should keep a close watch on its developments. The platform’s trajectory could lead to increased transaction volumes and smart contract deployments, translating into impactful market trends and investment opportunities.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ocean RWA Finance, Symphony Digital Assets a Alpha Jaguar Capital uzavřely na Avalanche první institucionální sekundární obchod s tokenizovaným soukromým úvěrem. Jde o raný blueprint pro sekundární trh s těmito aktivy.
For years, tokenization of real-world assets has promised to unlock liquidity in traditionally illiquid markets. Private credit, a multi-trillion-dollar asset class run mostly through opaque bilateral agreements, should be a prime beneficiary. Yet most tokenized credit issuances have been primary placements. Investors who onboarded early ended up holding positions with no clear exit. A transaction announced Tuesday suggests that template might finally be fracturing.
According to the original report, Ocean RWA Finance, Symphony Digital Assets and Alpha Jaguar Capital completed what they describe as the first institutional secondary trade in tokenised private credit on Avalanche. The counterparties settled a tokenized credit position, though the precise size and terms were not disclosed. The group framed the transaction as an “early blueprint” for how secondary markets might function in this corner of decentralized finance.
Why Secondary Trading Matters The tokenized asset sector recently crossed the $20 billion mark on-chain, as detailed in BlockchainReporter’s Weekly Tokenization Roundup, but a large share of that value sits in primary issuances and stablecoin collateral. Functional secondary markets remain absent for most tokenized private credit instruments. Without the ability to trade positions mid-tenor, institutional investors face the same illiquidity they would in traditional private debt markets—defeating part of the on-chain value proposition.
A demonstrated secondary trade, even one OTC transaction, provides a template for price discovery and settlement mechanics. It shows that a legal and operational pathway exists for moving a tokenized credit exposure from one regulated entity to another without unwinding the underlying loan. That is the basic plumbing that market makers and eventual automated pools will need.
Avalanche Draws Institutional Plumbing The choice of Avalanche as the settlement layer is not incidental. The network’s subnet architecture permits institutional participants to run permissioned environments with customizable compliance rules while still anchoring to a public chain. That design has made it a venue for several RWA pilots. Developer activity on Avalanche has been climbing, with the chain recently ranking among the top networks in BlockchainReporter’s Top 10 Blockchains by Developer Activity This Week.
Ocean RWA Finance, the transaction’s lead arranger, operates a regulated tokenization platform that integrates on-chain settlement with off-chain legal enforcement. Symphony Digital Assets and Alpha Jaguar Capital are institutional allocators active in digital fixed-income markets. The fact that these firms completed a secondary trade without a centralized exchange intermediary hints at a market structure where bespoke OTC desks and peer-to-peer protocols coexist for sizeable positions.
What the Blueprint Leaves Unanswered One secondary trade does not make a liquid market. The deal was executed as a bilateral transfer between known counterparties, not through a public order book or automated market maker. How price was determined and what kind of spread the seller accepted remain unknown. The wider question is whether a cluster of such trades can grow dense enough to attract third-party market makers willing to hold inventory.
Regulatory posture adds uncertainty. Tokenized private credit instruments sit at the intersection of securities law and credit regulation. Jurisdictional ambiguity could slow the emergence of secondary platforms, particularly if regulators treat such tokens as investment contracts requiring trading venue licenses. The Avalanche trade was conducted between regulated entities, but replicating that model at scale across multiple geographies is a heavier lift.
The other open variable is fragmentation. Multiple chains are hosting tokenized credit issuances, and liquidity could splinter across Avalanche, Ethereum layer-2s, Cosmos app-chains, and proprietary platforms. Standardized token formats and cross-chain messaging will be necessary if secondary markets are to consolidate rather than fracture.
Still, the direction of travel is hard to ignore. Private credit tokenization has moved from proof-of-concept to primary issuance and now to secondary transfer. Each step reduces the friction that has kept institutional capital cautious. The Ocean RWA Finance deal is a small trade in the arithmetic of a $20 billion sector, but its function as an early operational blueprint might matter more than its size. For allocators watching whether tokenized credit can evolve beyond locked-up capital, the blueprint just became a working draft.
AUTHOR
Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
Plume spustil nOPAL na Avalanche a zpřístupnil tokenizované brazilské pohledávky z kreditních karet on-chain. Produkt je krytý institucionálními pohledávkami a od svého vzniku hlásí 0% míru defaultu.
Plume's nOPAL is now live on Avalanche, bringing tokenized Brazilian credit card receivables to one of the fastest-growing ecosystems for institutional private credit.
The launch gives allocators direct access to Brazilian credit card receivables through a tokenized vault, expanding access to an asset class that has traditionally been limited to institutional markets. It also expands nOPAL to Avalanche, connecting Brazilian private credit with a growing ecosystem of institutional issuers and allocators.
What Is nOPAL?nOPAL is a tokenized Plume vault issued by BlackOpal, backed by institutional-grade Brazilian credit card receivables.
When a small business accepts a credit card payment, the funds aren't received immediately. Instead, the merchant holds a receivable that will settle through Visa or Mastercard. BlackOpal purchases those receivables at a discount and collects payment once they settle. Because the receivables are registered with Brazil's Central Bank, collections flow through the existing payment network infrastructure.
The result is exposure to a real-world credit strategy that's now available onchain through Avalanche.
How nOPAL Works
The returns come from real economic activity, not token incentives or crypto market movements. The underlying receivables settle through the same payment networks that process millions of transactions every day, creating a structure designed around established financial infrastructure.
A few numbers that back it up:
0% default rate since inceptionAudited by 0xMacro and SpearbitBacked by BlackOpal's 25+ years of credit market experience and $200M+ in institutional support
Why Avalanche?Avalanche has become one of the leading ecosystems for tokenized private credit, bringing together the infrastructure, issuers, and growing allocator network needed to support institutional markets onchain.
For asset managers, launching on Avalanche means more than accessing high-performance blockchain infrastructure. It means joining an ecosystem where institutional participants are already deploying capital across tokenized assets, helping connect new investment opportunities with active demand.
The network's deterministic finality, high throughput, predictable fees, and EVM compatibility provide the foundation for institutional-grade workflows, while its growing ecosystem continues to attract tokenized credit products from around the world, including a rapidly expanding pipeline across Latin America.
nOPAL adds another example of that momentum, bringing Brazilian receivables onchain through a structure designed for institutional investors and expanding access to one of the region's largest private credit markets.
Open Finance in PracticenOPAL shows what open finance looks like in practice. A real-world credit strategy becomes available onchain, giving allocators more efficient access to institutional assets while preserving the underwriting and settlement processes behind them. As more issuers bring private market assets to Avalanche, the network continues to connect those opportunities with a growing base of capital.
This material is for general informational and educational purposes only and does not constitute financial, investment, legal or tax advice. Tokenized assets involve risk and may not be suitable for all participants. Returns, performance and characteristics of traditional financial instruments may not translate identically to their tokenized counterparts. Always conduct your own research and consult qualified professionals before making decisions involving real-world assets or blockchain-based systems.
Více než 80 000 fanoušků dorazilo na sledovací akci s lístky postavenými na blockchainu Avalanche pro FIFA. Systém už zpracoval přes 100 000 RTB a sekundární objem přesáhl 25 milionů USD.
More than 80,000 people showed up to FIFA World Cup watch parties carrying tickets built on blockchain. Not a single one had to think about wallets, gas fees, or private keys.
The system running underneath those tickets is built on Avalanche, specifically a dedicated Layer-1 chain that Ava Labs and FIFA built together and simply call the FIFA blockchain. The goal from day one was infrastructure that works invisibly, where fans get verifiable, fraud-resistant tickets and never have to know or care that a blockchain is involved.
How the FIFA ticketing system actually works FIFA’s approach uses two distinct digital entitlements: a Right-to-Buy (RTB) and a Right-to-Ticket (RTT). Think of an RTB like a reservation at a restaurant that you can sell to someone else before you ever sit down. It gives the holder the verified right to purchase a ticket, without being the ticket itself.
FIFA separates the right to get a ticket from the ticket itself, and both layers live on-chain where they can be tracked, verified, and transferred, but where fraud, bots, and scalpers have a much harder time operating.
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As of mid-June 2026, FIFA has issued more than 100,000 RTBs, including over 50,000 bundled Club World Cup tickets. Combined secondary-market volume from the RTB and RTT system has crossed $25 million.
The actual match-day tickets are still fulfilled through traditional infrastructure. Blockchain handles the rights management layer upstream, quietly.
FIFA’s longer road to blockchain FIFA did not arrive at Avalanche overnight. The organization previously ran its FIFA Collect digital collectibles platform across multiple blockchain networks before eventually consolidating on Avalanche.
Ava Labs, the company behind Avalanche’s development, has been pushing the dedicated subnet, now called a Layer-1 chain, architecture as the right model for enterprises that want blockchain’s benefits without sharing network congestion with the rest of the crypto ecosystem. A purpose-built FIFA chain means FIFA controls the validator set and governance rules, while still inheriting Avalanche’s consensus mechanism and security architecture.
The FIFA blockchain launched in 2025, giving the system roughly a year of operational runway before the 2026 World Cup cycle hit full stride.
What this means for Avalanche and the broader market For Avalanche as a network, a FIFA partnership is about as high-profile a real-world use case as exists in crypto right now. FIFA’s 2026 World Cup is projected to be one of the most-watched sporting events in history, expanding to 48 teams and spanning the United States, Canada, and Mexico.
The $25 million in secondary-market volume generated so far comes from the rights layer, before most of the primary tournament games have even been played.
The broader market implication cuts across the ticketing industry. Live event ticketing is a sector with well-documented problems: bot purchases, fraudulent resales, and opaque pricing have frustrated fans and organizers for decades. FIFA’s multi-year commitment and the decision to build a dedicated chain rather than use a shared network suggests a longer-term architectural bet, not a marketing experiment.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Aave spustilo Aave V4 na Avalanche, což je jeho první nasazení mimo Ethereum. Platforma má podpořit specializované úvěrové trhy pro tokenizovaná aktiva a institucionální finance.
Aave, which operates one of the largest onchain lending markets, has launched Aave V4 on Avalanche as it looks to accelerate lending for tokenized assets and institutional finance, according to a Wednesday statement.
The move marks Aave V4’s first deployment beyond Ethereum. Avalanche is a high-performance blockchain network designed to support digital finance, including decentralized finance, real-world asset tokenization and institutional blockchain applications.
The launch aims to enable specialized credit markets backed by tokenized real-world assets and extends Aave’s long-standing presence on Avalanche, where its V3 protocol has facilitated billions of dollars in liquidity. It also serves as the blueprint for Aave V4’s multichain expansion strategy, with future deployments tailored to the strengths of individual blockchain ecosystems.
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Aave said the deployment leverages Aave V4’s Hub and Spoke architecture to support future tokenized asset markets with dedicated borrowing markets, shared liquidity infrastructure, and tailored collateral and risk frameworks.
According to Aave Labs founder Stani Kulechov, Avalanche’s combination of an established Aave ecosystem and growing tokenization activity makes it the ideal first destination for expansion.
“Aave V4 was designed to enable new credit markets at internet scale. Avalanche is a natural destination for the first expansion of Aave V4 beyond Ethereum because it combines a mature Aave lending market with a rapidly growing ecosystem for tokenized assets,” Kulechov commented on the move.
“That combination creates new opportunities to deepen liquidity, improve capital efficiency, and expand access to borrowing against tokenized assets. That’s exactly why one of the first markets we plan to launch on Avalanche is a dedicated credit market for tokenized assets,” he added.
Ava Labs President John Wu said the integration advances the use of tokenized assets by giving institutions access to borrowing and liquidity infrastructure comparable to traditional financial markets.
“The next phase of tokenization is about putting assets to work, not just bringing them onchain,” Wu stated. “Aave V4 on Avalanche is an important step toward making that a reality and advancing the shift to a more efficient, onchain financial system.”
Aave said the platform is designed to support tokenized real-world assets including US Treasuries, money market funds, private credit, and corporate bonds.
The team added that one of the first planned deployments on Avalanche will be a dedicated market for tokenized assets, allowing institutions to borrow against tokenized collateral while accessing Aave’s shared liquidity network.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Aave V4 je nyní spuštěn na Avalanche a jde o první multichain nasazení nové architektury Hub and Spoke. Startuje s Core Liquidity Hubem, Main trhem, AVAX Correlated trhem a Forex trhem.
Aave V4 is now live on Avalanche, bringing V4’s all-new Hub and Spoke architecture to a network where Aave has a long track record of success. This is V4’s first multi-chain deployment, and it launches with one Core Liquidity Hub and a Main market, AVAX Correlated market, and Forex market.
Five Years on Avalanche Aave was first deployed on Avalanche in 2021, when V2 launched during the Avalanche Rush program and quickly became one of the network's largest protocols. Avalanche then became one of the early networks to run Aave V3 in 2022.
On Avalanche, Aave has held billions of dollars at its peaks and has processed more than $15 billion in all-time cumulative inflows across V2 and V3. Today the V3 market supports 18 assets, with stablecoin utilization running above 90 percent signaling the high borrow demand
Avalanche V4 Deployment The Core Liquidity Hub holds the deployment's shared liquidity in WAVAX, sAVAX, BTC.b, USDC, USDT, WETH.e, and EURC. Every market draws from this single pool, so liquidity stays deep instead of fragmenting across separate venues.
The Main market is the general-purpose venue for lending and borrowing, and it is expected to hold the majority of the deployment's liquidity. It accepts the broadest collateral set in the deployment, with users supplying WAVAX, BTC.b, USDC, USDT, or WETH.e and USDC, USDT, EURC, WAVAX, BTC.b, and WETH.e as borrowable assets.
The AVAX Correlated market is dedicated to AVAX liquid staking strategies. Users can supply sAVAX at a 95 percent collateral factor and borrow WAVAX as the only borrowable asset.
Lastly, the Forex market supports trading and hedging across fiat-pegged stablecoins. EURC, USDC, and USDT each serve as collateral and can be borrowed against one another, with conservative caps set at launch to account for EURC's limited secondary market liquidity.
Getting Started Avalanche users can supply and borrow on V4 today. Find the Avalanche market on Aave Pro to get started. The full deployment specification, including risk parameters and caps for every asset, is available on the Aave governance forum.
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Progmat přesunul všechny spravované projekty security tokenů na Avalanche a zpřístupnil více než 452 miliard ¥ v podkladových aktivech a vydaných cenných papírech jako EVM-kompatibilní.
Progmat has completed the migration of its security-token platform from Corda 5 to a dedicated Avalanche Layer 1.
Summary
Progmat migrated every managed security-token project to Avalanche while preserving existing functions and institutional controls. Rights transfers run three to five times faster, according to Progmat’s internal tests and estimates. Crypto.news coverage shows Avalanche’s tokenized asset market expanding across funds, stocks, treasuries, and credit products. The company said every active project on the platform moved to the new network. Those projects represent more than ¥452 billion in underlying assets and issued securities. The migration makes the platform’s security tokens compatible with the Ethereum Virtual Machine, or EVM. Progmat describes itself as Japan’s leading security-token platform by domestic market share.
The company carried out the work under Project Keystone. Progmat redesigned the system so its business functions no longer depend on one blockchain. It added a mediator layer between applications and the ledger. The structure allows the platform to connect with other chains later while keeping its existing issuance, ownership and transfer processes. A dedicated Avalanche L1 can also use rules tailored to regulated financial products.
Progmat, Japan's largest STO platform, is now live on @avax
"All ST projects (over 452 billion yen) are now EVM-compatible, achieving both financial institution-level requirements and the utilization of public chains.
Rights transfers are accelerated 3-5 times faster than… https://t.co/xeMVc8EM8e
— Justin Kim (@justinkim415) July 13, 2026 Rights transfers become faster Progmat said the new setup processes rights transfers three to five times faster than the earlier system. Avalanche transactions reach finality in less than two seconds, according to the company.
“Rights transfers are accelerated three to five times faster,” Progmat said.
The speed figure comes from Progmat’s internal testing and has not been independently verified. Finality records a completed network transaction, but it does not cover every banking or administrative step around a trade.
The company also moved its smart contracts from Java-based Corda code to Solidity-based EVM contracts. Progmat said it kept current functions and service requirements during the switch. It also said the migration caused minimal disruption for issuers. Existing users did not need to rebuild their products. EVM support gives developers access to Ethereum-based tools, but it does not make regulated securities freely available to public wallets.
AvaCloud supports institutional controls AvaCloud supplies the dedicated Avalanche network and operating services. Progmat said the setup meets SOC 1 and SOC 2 Type II assurance standards. Progmat and Ava Labs also created a response system for outages during nights and holidays.
The firms aim to meet the control and availability standards used by regulated financial companies. The network remains application-specific rather than operating as an unrestricted retail trading venue.
AvaCloud chief executive Nick Mussallem called the transfer of more than ¥452 billion in regulated securities a test for institutional infrastructure. However, that assessment came from a company involved in the migration.
Progmat has not released public transaction data showing how the new network performs during peak demand or across a large investor base. The company also has not announced new trading volumes tied directly to the change.
Progmat prepares for cross-chain settlement The migration gives Progmat a base for planned links between security tokens, stablecoins and tokenized bank deposits. Datachain said in February that the partners plan cross-chain services for delivery-versus-payment and payment-versus-payment transactions.
These systems would exchange assets and payments across different networks in one coordinated process. Progmat said its revised design can support more than one chain when asset features or investor needs differ.
Elsrwhere, BlackRock’s BUIDL fund reached about $900 million on the network, while Avalanche’s distributed real-world assets stood near $2.10 billion.
As crypto.news reported, Progmat will support a Metaplanet and JPYC study into Bitcoin-backed digital credit. That project remains under review, with no issued product or fixed terms. Securitize also placed its listed shares on Avalanche and Solana in July.
BlackRockův BUIDL na Avalanche překročil 900 milionů USD v AUM, zhruba dvojnásobek oproti 464 milionům před týdnem. Jde o největší tokenizovaný treasury produkt on-chain na Avalanche.
BlackRock’s BUIDL, a tokenized U.S. Treasury money market fund on the Avalanche blockchain, has reached over $900 million in assets under management (AUM). This notable increase, from approximately $464 million just a week ago, highlights a significant surge in institutional interest in tokenized assets on Avalanche. The BUIDL fund, maintaining a stable value of $1.00 per token with daily accrued dividends, has become the largest tokenized treasury product on-chain and the biggest real-world asset (RWA) on Avalanche. This development underscores Avalanche’s rising prominence as a key player in the institutional tokenization sector, second only to Ethereum in terms of BUIDL’s AUM.
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Key Takeaways BlackRock’s BUIDL fund on Avalanche has seen its AUM increase from $464 million to over $900 million within a week. The rapid growth in BUIDL’s AUM suggests accelerating institutional adoption of Avalanche for tokenized assets. Avalanche is now the second-largest blockchain for BUIDL by AUM, reinforcing its role as a leading institutional tokenization venue. What to Watch The surge in BUIDL’s AUM could indicate broader institutional adoption of blockchain-based financial products, potentially influencing Ethereum price predictions. Market participants may monitor whether this trend continues and if other blockchains follow suit in attracting large institutional investments. Observers will also be keen to see if BlackRock’s growing involvement in tokenized assets impacts Ethereum-related markets and if similar trends develop within the Ethereum ecosystem.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 59.5% — — View market → August 1 2026 3.2% — — View market → August 1 2026 30% — — View market → August 1 2026 6% — — View market → August 1 2026 2.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 14% — — View market → August 1 2026 13% — — View market → August 1 2026 1.6% — — View market → August 1 2026 2.8% — — View market → August 1 2026 4.2% — — View market → August 1 2026 6.6% — — View market → August 1 2026 0.3% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.4% — — View market → August 1 2026 0.9% — — View market → August 1 2026 59.5% — — View market →
Hyundai Card na Avalanche vypořádala mezifiremní převod 20 000 USD v USDT za zhruba 7 minut, oproti 3 až 4 hodinám přes bankovní infrastrukturu. V Evropě chystá pilot s Visa a Circle na konec července 2026.
10 July 2026 | 19:31 Hyundai Card settled a $20,000 intercompany transfer between U.S. and Mexico affiliates in about seven minutes using USDT on Avalanche, with a European pilot involving Visa and Circle scheduled for late July 2026.
The pilot matters not because of the amount moved, but because it treats stablecoins as corporate treasury infrastructure rather than as a crypto investment product.
Key Takeaways $20,000 converted to USDT on Avalanche, settled in an average of 7 minutes, versus 3 to 4 hours through interbank rails. Participants included Hyundai Card, Hyundai Motor America, Hyundai Motor Mexico, Tether, Ava Labs, and Axiym. European subsidiaries, multi-currency, with Circle (USDC/EURC) and Visa as partners, scheduled to begin end of July 2026. South Korea’s Foreign Exchange Transactions Act does not recognize stablecoins as a legitimate cross-border payment instrument. Seven Minutes From Dollars to Dollars Hyundai Motor America converted $20,000 into USDT, transferred the tokens over Avalanche to Hyundai Motor Mexico, and the Mexican entity converted the stablecoin back into fiat on arrival. End-to-end, including verification and reconversion, the process averaged seven minutes. The same transaction routed through correspondent banking would ordinarily require three to four hours at minimum, with additional intermediary hops and per-hop fees.
The important qualifier from Hyundai Card is that this was an actual intercompany settlement, not a sandbox test with synthetic funds. Real corporate money moved between real subsidiaries for a real reconciliation purpose. That distinction is what separates this from the dozens of blockchain proofs of concept that never leave a lab environment.
Why Avalanche, and Why It Matters for Enterprises Hyundai is not using Avalanche the way a retail wallet user would. The architecture Ava Labs offers to corporates is the Subnet, a permissioned environment where only approved validators process transactions and where the parent company can dictate the rules of the network.
For a multinational, three properties of this design carry weight: Validator geofencing. European transactions can be routed exclusively through validators located in approved jurisdictions, which addresses data-residency requirements under EU compliance frameworks. Gas abstraction. Instead of forcing every subsidiary to hold AVAX to pay for transactions, the parent can operate a corporate-funded or zero-gas model. Subsidiaries interact with the rail as if it were an internal system. Access control. Whitelisted wallets and pre-approved smart contract interactions replace open-network exposure. Few, if any, of these features exist in the same form on an unpermissioned public chain. They are the reason enterprise stablecoin pilots have tended to converge on subnet-style or permissioned architectures rather than on unmodified Layer 1 rails.
The Compliance Layer Is the Real Product The technology piece of a seven-minute cross-border transfer is not, on its own, novel. What Hyundai Card actually built, and the reason the pilot is being treated as significant, is the compliance scaffolding around the transfer.
According to the company’s disclosure, Hyundai Card led reviews of accounting treatment, tax exposure, legal standing, and internal-control frameworks across both jurisdictions before running the transfer. The design depends on whitelisted corporate wallets, KYC and AML controls at the entity level, pre-approved smart contract access, and stablecoins whose issuers, Tether and Circle, can freeze tokens if a compliance event occurs.
That last property is a feature for a corporate treasurer and a bug for a decentralization purist. For Hyundai, the ability to freeze tokens in a compromise scenario is precisely what makes the rail acceptable to auditors and internal risk committees.
The Accounting Question the Press Release Skips Stablecoins are pegged to fiat, but under standard IFRS treatment they are generally not classified as cash equivalents, because they are not central-bank legal tender. The likely accounting path for the $20,000 in the Hyundai pilot is a three-step recognition: short-term digital asset or financial instrument on the sending side, intercompany receivable and payable during the transit window, and cash on the receiving side after reconversion.
The seven-minute transit window is significant, and not merely for its speed. A short window sharply reduces the risk of a realized FX difference materializing between the moment the asset leaves one balance sheet and the moment it arrives on another. In a three-to-four-hour correspondent transfer, that risk is measurable. In a seven-minute settlement, it is close to negligible.
This is where the reduction in settlement time translates into a specific accounting benefit, not merely a convenience.
Phase Two Changes the Test The U.S. to Mexico pilot moved dollar value between two dollar-linked entities. That is the easiest possible test case. The European phase, with Circle and Visa as new partners, changes the economic question.
Circle can support a dual-stablecoin structure using USDC on the dollar side and EURC on the euro side. That opens the possibility of on-chain foreign-exchange conversion through stablecoin liquidity pools or through Circle’s own settlement routes, rather than through bank-provided FX spreads. Visa’s contribution is corporate payout infrastructure: prefunding, fiat exit routes, and integration with local bank account rails.
The real measurement in Phase Two is not settlement speed, which has already been demonstrated. It is whether the total cost of a multi-currency intercompany transfer, including FX conversion, comes in below the equivalent bank-provided route.
The Korean Regulatory Contradiction The pilot’s commercial ambitions must be weighed against South Korea’s regulatory stance, which is where the true tension in this narrative lies.
Korean authorities have moved to exclude dollar-backed stablecoins including USDT and USDC from the recognized scope of corporate digital-asset activity. The Foreign Exchange Transactions Act does not formally recognize stablecoins as a legitimate means of cross-border payment. The Bank of Korea has consistently leaned toward a central-bank digital currency and bank-issued deposit tokens as its preferred settlement instruments rather than private stablecoins.
That preference is already operational. The BOK’s Project Hangang has moved into its second phase, expanding to nine commercial banks and adding P2P transfers and AI-agent payment capabilities, while the Digital Asset Basic Act that would govern private stablecoin issuance remains delayed.
Against that backdrop, a Hyundai Motor Group subsidiary is running production-ready stablecoin remittance rails using USDT and preparing to test USDC and EURC. The commercial pull of faster and cheaper settlement is running ahead of the domestic regulatory framework, and the pilot effectively puts corporate weight behind the argument that Korean rules need to be updated.
The framing here is not that Hyundai is defying regulators. It is that a multinational operating under multiple jurisdictions is building infrastructure for a use case its home regulator has not yet blessed, and doing so publicly.
The Limits of a $20,000 Test The pilot proves that a $20,000 intercompany transfer can settle in seven minutes with full compliance review across two jurisdictions. It does not prove that the same architecture scales to hundreds of transfers per day across a dozen currencies with FX efficiency intact. Phase Two is designed to test exactly that.
It also does not resolve the accounting classification question in a way that generalizes to every corporate. IFRS treatment of stablecoins remains an evolving area, and the answer for a Korean conglomerate operating in the U.S. and Mexico may not translate directly to a European manufacturer operating in Asia.
If the European phase shows a favorable cost result once fees, spreads, and reconversion are aggregated, the case for corporate stablecoin treasury rails moves from operational curiosity to competitive necessity. If it does not, the pilot remains a speed story rather than a cost story.
The distinction matters because CFOs approve budgets against cost savings, not against settlement latency.
This article is for informational purposes only and does not constitute financial, investment, tax, or legal advice. Always conduct your own research before making decisions related to digital assets or corporate treasury strategies.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Stablecoinová nabídka na Avalanche za sedm dní vyskočila o 46 % na více než 1,8 miliardy USD. Síť tím přeskočila Plasma i XRP Ledger a posunula se na 11. místo mezi stablecoinovými sítěmi.
Avalanche Stablecoin Supply Jumps 46% in Seven DaysAvalanche's stablecoin supply has posted one of its sharpest weekly gains on record. According to data shared by @BSCNews, the total stablecoin supply on @Avax surged 46% in just seven days, pushing the figure above $1.8 billion at time of writing. The move has lifted $AVAX into 11th place among all stablecoin networks globally, overtaking both @Plasma and @ripple's $XRP Ledger in the process.
The milestone is notable not just for its speed but for the broader trajectory it reflects. According to Token Terminal data, the combined market cap of stablecoins and tokenized funds on Avalanche climbed from roughly $1.2 billion in January 2024 to just above $2 billion in January 2026, representing a roughly 70% increase over two years. The latest weekly spike suggests that pace is now accelerating.
Institutional Momentum and Network Growth Behind the MoveThe stablecoin surge does not exist in isolation. Avalanche has been building institutional momentum across several fronts in 2026. Avalanche formally launched the Avalanche Payments Collective, an alliance of 28 major organisations including Franklin Templeton, VanEck, and Paxos, aimed at unifying stablecoin settlement, treasury infrastructure, and foreign exchange into a single blockchain-based framework spanning more than 150 countries.
Major financial institutions such as J.P. Morgan, Apollo, and Citi are also using Avalanche for real-world asset tokenization and backend infrastructure. That institutional engagement has helped attract deeper stablecoin liquidity to the network, providing a structural foundation beneath the latest supply figures.
On the technical side, Avalanche's C-Chain can process roughly 88% more transaction throughput than Ethereum while pricing transactions at approximately one-fiftieth of the cost, and it can rapidly increase block size during periods of high demand. Those performance characteristics make it a practical choice for stablecoin issuers and settlement-focused applications looking for speed and low cost.
The credit for building the infrastructure that underpins these results sits largely with the @AvaLabs team, whose continued development work has positioned Avalanche as a credible institutional-grade settlement layer heading into the second half of 2026.
Sources:
Yahoo Finance: Avalanche posts 70% surge in stablecoin and tokenized fund market cap in 2 years
VanEck: Avalanche 201, The Institutional Platform
DefiLlama: Avalanche Stablecoin Market Cap and Supply
NEC a Ava Labs podepsaly memorandum o porozumění (MOU) ohledně vývoje architektury, která na Avalanche spojí biometrické ověření identity a vypořádání plateb ve stablecoinech v jednom kroku. Biometrická data se přitom nebudou ukládat on-chain.
Biometric Identity Comes to Avalanche@NEC and @Avax have signed a Memorandum of Understanding (MOU) to jointly develop a whitepaper outlining how NEC's biometric FaceVC technology and Avalanche's multi-chain architecture could verify identity and settle stablecoin payments in a single step, without ever storing biometric data on-chain. The deal marks a significant step toward bringing sovereign identity verification into decentralized infrastructure.
NEC brings considerable real-world scale to the collaboration. The Japanese technology giant operates more than 1,000 active biometric systems across 70 countries and regions, covering applications from immigration control and national ID programs to banking and public safety. Its FaceVC product issues verifiable credentials anchored to NEC's face recognition technology, allowing a business to confirm both the credential and the identity of the person presenting it, addressing a longstanding gap in digital verification where impersonation remains difficult to detect.
The integration is set to use @Avaxsubnets, Avalanche's customizable Layer 1 framework, to host biometric-secured transaction flows. By anchoring authentication to hardware-linked biometric data, the architecture is designed to remove reliance on traditional mnemonic seed phrases, a vulnerability that has led to significant losses for both retail and institutional users.
Why It Matters for Institutional Blockchain AdoptionThe partnership fits into a broader push by Ava Labs to position $AVAX as enterprise-grade infrastructure. Avalanche's multi-chain design allows institutions to deploy purpose-built networks with their own compliance rules while remaining connected to the wider ecosystem, a feature that has attracted partners ranging from asset managers to government agencies in recent quarters.
For NEC, the move extends its biometrics footprint into the blockchain space. The company's algorithms are rated number one for speed and accuracy by the National Institute of Standards and Technology (NIST), and it has spent decades deploying identity systems at a government and enterprise scale. Pairing that track record with Avalanche's settlement speed creates a credible case for biometric-verified decentralized services.
The planned whitepaper will detail how the combined system handles identity confirmation and payment finality without exposing sensitive biometric data on a public ledger, a design consideration that will likely be central to any regulatory review of the technology.
Sources:
Avalanche Official Website, Ava Labs and NEC MOU Announcement
NEC Face Recognition: Biometric Authentication
NEC Technical Journal: FaceVC and DID/VC Identity Verification
Primit se oficiálně nasazuje na Avalanche a spouští 14denní Season 1 s odměnami v hodnotě 100 000 USD v AVAX. Akce startuje 15. července a cílí na obchodníky s on-chain perpetual kontrakty.
Primit today announced its official deployment on the Avalanche network, with the launch of Season 1: Primit × Avalanche “On-Chain Perp Frenzy” set for July 15. The 14-day trading incentive event features a total reward pool of 100,000USD equivalent in AVAX, open to all on-chain perpetual contract traders.
Strategic Significance Primit selected Avalanche as its launch chain based on its sub-second finality and minimal gas costs. For perpetual trading, every millisecond of latency impacts liquidations and position safety. Avalanche’s architecture is inherently suited for high-concurrency, low-latency DeFi scenarios, while Primit’s orderbook and funding rate mechanisms deliver a CEX-grade experience on-chain.
“We’re not simply deploying a frontend on Avalanche — we’re bringing the full perpetual infrastructure onto the chain,” the Primit team stated. “Season 1 has a clear objective: prove that on-chain perpetual trading is ready to handle professional-grade demand through real trading volume.”
Season 1 Mechanism Preview The event features four reward mechanisms covering the full spectrum from retail to professional traders:
Daily Random User Rewards: 20 users with ≥$200 daily trading volume randomly selected each day to share a $400 pool. 280 total winners over 14 days. Twitter Contributor Rewards: $3,000 pool rewarding high-quality tutorials, strategy analysis, and risk management content posted with #Primit #Avalanche. Referral Rebate Mechanism: $50,000 total pool distributed proportionally by valid referral trading volume. No individual cap. Volume Leaderboard: Top 120 traders share $37,800, with Top 1 receiving $4,000. AVAX-related pairs receive a 1.5x volume weighting multiplier. Long-Term Value: Tiered Fee Structure Primit is simultaneously launching a cumulative volume-based tiered Maker/Taker fee structure. This system will remain as a permanent platform standard after Season 1 ends, combining with Avalanche’s low gas costs to form a sustainable competitive advantage.
About Avalanche Avalanche is a high-performance, interoperable Layer 1 blockchain platform achieving high throughput and rapid finality through its unique consensus mechanism — a preferred infrastructure for DeFi and institutional-grade applications.
About Primit Primit is a next-generation on-chain perpetual contract trading platform focused on delivering low-latency, low-fee, fully transparent on-chain derivatives trading.
Event Portal: https://primit.io/ or https://app.primit.io/trade
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
Hyundai Card dokončila na Avalanche první mezifiremní vypořádání se stablecoinem, když mezi dceřinými firmami Hyundai Motor v USA a Mexiku převedla 20 000 USDT za průměrně sedm minut.
Hyundai Card just pulled off something that usually takes banks days to fumble through. The financial arm of Hyundai Motor Group completed a real stablecoin-based intercompany settlement on the Avalanche blockchain, moving $20,000 in USDT between Hyundai Motor subsidiaries in the US and Mexico. The whole thing took an average of seven minutes.
For context, traditional cross-border wire transfers between corporate entities can take anywhere from one to five business days, involve multiple intermediary banks, and rack up fees at every hop.
How the remittance layer works The proof-of-concept, completed on July 9, brought together four key players: Hyundai Card, Tether, blockchain infrastructure firm Axiym, and Ava Labs, the team behind Avalanche. Here’s the basic flow: $20,000 USD was converted into Tether’s USDT stablecoin and routed across borders on Avalanche’s network to settle obligations between Hyundai Motor’s overseas branches.
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This wasn’t a sandbox experiment with fake money. The trial involved actual intercompany settlements, real funds moving between real subsidiaries.
Axiym, the less familiar name in the group, served as the bridge connecting traditional payment rails to blockchain-based settlement.
Why a card company leading this matters This is reportedly the first stablecoin remittance initiative led by a card company. Hyundai Card isn’t some fintech startup experimenting with blockchain for a press release. It’s a subsidiary of Hyundai Motor Group, a conglomerate with a market presence spanning dozens of countries.
What comes next Hyundai Card isn’t stopping at the US-Mexico corridor. A follow-up trial is planned for the end of July 2026, this time involving European subsidiaries. The European test could be even more interesting because it may integrate local currencies, Circle’s USDC stablecoin, and Visa into the framework.
The broader ambition appears to be integrating stablecoins into Hyundai Motor Group’s treasury management operations globally.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Team1 z Avalanche spustil program Builder Grants pro rané vývojáře. Mini Grants mají strop 10 000 USD a Accelerator Grants mohou dosáhnout až 30 000 USD.
Team1, the global community arm of the Avalanche ecosystem, has rolled out a new Builder Grants program designed to put money directly into the hands of early-stage builders. The program offers two tiers of funding: Mini Grants of up to $10,000 and Accelerator Grants that can reach $30,000.
The program launched on July 1, 2026.
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Two tiers, two different builders Mini Grants, capped at $10,000, target what Team1 calls “budding entrepreneurs.” Accelerator Grants step things up to $30,000 and come with a more rigorous selection process. A voting committee made up of both Avalanche insiders and community members decides who gets funded.
Team1’s growing role in Avalanche Team1 isn’t new to the Avalanche ecosystem, and it isn’t operating on a shoestring budget. The group received a $1.15 million grant from the Avalanche Foundation back in December 2024, funding that was earmarked for community support and operational expansion.
The organization now claims more than 450 members spread across over 40 countries. Its playbook includes events, workshops, and educational resources, all aimed at converting curious developers into active Avalanche builders.
What this means for the Avalanche ecosystem and investors The $1.15 million that the Avalanche Foundation invested in Team1 in late 2024 is now being recycled into direct builder support. For AVAX holders, more builders on Avalanche means more applications, which means more transactions, which means more demand for the network’s native token.
The limited external coverage of this initiative suggests Team1 is playing an inside game, focusing on converting its existing community of 450-plus members into active builders rather than making a splash for the broader crypto market.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Securitize se začala obchodovat na NYSE pod tickerem SECZ a zároveň spustila tokenizovanou verzi svých běžných akcií přes svou regulovanou platformu. Jde o první nově veřejnou společnost, která od začátku své existence jako kótovaný byznys uvedla vlastní akcie onchain. Tokenizované SECZ jsou dostupné na Avalanche a Solana po splnění onboardingových, identifikačních a jurisdikčních kontrol.
Securitize began trading on the New York Stock Exchange under the ticker SECZ on Thursday and launched a tokenized version of its common stock through its regulated platform.
Securitize is now officially a public company, listed on the @NYSE under the ticker SECZ.
Our focus is unchanged: building the regulated infrastructure for the next generation of capital markets.
To everyone who helped us get here, thank you.
Tokenize the World. pic.twitter.com/XVhjA5udA9
— Securitize (@Securitize) July 2, 2026
The listing follows the completion of Securitize’s business combination with Cantor Equity Partners II. The company has brought more than $4 billion in assets onchain through its tokenization infrastructure.
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Eligible investors in the United States will be able to access tokenized SECZ on Avalanche and Solana after completing onboarding, identity verification and jurisdictional eligibility checks.
The tokens are intended to represent the same common stock trading on the NYSE rather than a synthetic product, offshore wrapper or separate share class. Tokenization changes how ownership is recorded and transferred but does not alter the legal nature of the underlying shares or remove applicable transfer restrictions.
Securitize said the rollout makes it the first newly public company to bring its own stock onchain from the start of its life as a listed business. Based on expected shareholder participation, the company also expects SECZ to become the world’s largest tokenized stock.
The launch builds on Securitize’s broader effort to bring public equities onto blockchain infrastructure while preserving direct ownership and shareholder rights. Its platform has previously worked with asset managers including BlackRock, Apollo, KKR and VanEck on tokenized investment products.
Securitize plans to expand the functionality and market infrastructure surrounding tokenized SECZ as its onchain shareholder base develops.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
While price action has long dominated the cryptocurrency market, attention in 2026 is steadily shifting toward the technical foundations of blockchain networks. With Ethereum, Solana and Avalanche preparing for some of their most ambitious protocol upgrades to date, Coinbase’s layer-2 network Base activated its Beryl hard fork just last Friday. In contrast, Bitcoin developers remain deadlocked over several contentious proposals and have yet to reach consensus.
Focus shifts from speed to resilienceTim Sun, a senior researcher at Hong Kong-based asset manager HashKey Group, explained that previous protocol upgrades have typically prioritized adding new features, speeding up transactions and boosting capacity. However, Sun observed that by 2026, the industry’s priorities are tilting towards more predictable governance, greater reliability and the development of robust, enterprise-scale infrastructure to support widespread financial use cases.
Tim Sun stresses that, looking ahead to 2026, simply adding more features is no longer the main concern; instead, reliability and institution-grade infrastructure are taking center stage.
Spotlight on Ethereum’s Glamsterdam upgradeAmong Ethereum’s key roadmap milestones, the Glamsterdam upgrade stands out as one of this year’s most pivotal steps. Currently being tested on developer networks, it is expected to roll out to the mainnet in the second half of 2026. Planned changes include improved scalability, reinforcement of the layer-1 base, and a streamlined user experience aimed at simplifying network usage.
Sun noted that the upgrade could enable higher transaction throughput, expand data capacity, and reduce database bloat. The overarching goal is to make Ethereum a more favorable environment for stablecoin settlements and on-chain use of real-world assets.
Holly Atkinson, chief product and technology officer at 1inch, described Glamsterdam as Ethereum’s most significant upgrade since The Merge in September 2022. One highlight is ePBS—short for enshrined proposer builder separation—a structure aimed at making block creation and proposal processes more transparent. However, RuleSpark founder Pavan Kaur cautioned that while this step might help, it will not eradicate maximal extractable value (MEV) issues altogether, as some harmful practices may simply adapt and persist in new forms.
Mini glossary: ePBS stands for enshrined proposer builder separation. It aims to clarify the distinction within the protocol between validators who propose blocks and entities that build their content, with the objective of minimizing concentration in transaction sequencing.
Solana and Base aim for lightning-fast confirmationsOn the Solana front, the Alpenglow upgrade is the year’s most significant development. After receiving strong backing in governance votes in September 2025, Alpenglow is still under development and slated for release in the latter half of 2026 alongside the Agave 4.1 validator client. This system will replace the current TowerBFT mechanism with an innovative voting component named Votor.
One of the most concrete impacts is a dramatic reduction in transaction finality time. The goal is to bring finality down to between 100 and 150 milliseconds under optimal network conditions, compared to the present average of approximately 12.8 seconds. The upgrade also targets reducing network load by removing on-chain voting operations, ultimately improving validator communication efficiency.
NetworkUpgradeKey objectiveEthereumGlamsterdamScalability and stronger layer 1SolanaAlpenglowCut finality time to 100–150 msBaseBerylReduce withdrawal time from 7 to 5 daysAvalanchePost-Etna L1 modelLower custom chain setup cost by over 99%Elsewhere, Base deployed its Beryl hard fork following a brief sequencer outage that paused block production for about two hours due to an invalid block. Jesse Pollak, one of Base’s co-founders, emphasized that users’ assets remained unaffected by the disruption, but acknowledged the downtime was unacceptable and added that lessons learned will help reinforce Base as a round-the-clock global financial platform.
Jesse Pollak underscores that user funds were secure during the incident, but says Base recognizes the network pause was not acceptable and is using this experience to guide technical improvements.
According to Base documentation, the Beryl hard fork introduces the B20 native token standard, shortens withdrawal finality from seven days to five, and implements the Reth V2 integration. These updates are expected to decrease node storage requirements and enhance execution efficiency.
Avalanche goes institutional, Bitcoin debates persistOn Avalanche, there is less focus on a single named hard fork and more on sweeping changes to attract enterprise users and boost performance. According to Sun, the Etna hard fork replaced the legacy subnet model with a system of sovereign Avalanche L1 chains, slashing the startup cost for launching a private blockchain by over 99%. He also highlighted that Progmat, which he says represents about 63% of Japan’s security token market, recently moved more than $2 billion in tokenized assets to a dedicated Avalanche L1 chain.
Bitcoin, meanwhile, stands apart from rival networks. Its main challenges in 2026 are not scheduled upgrades but debates over whether to make the protocol more programmable or to strengthen it against quantum computing threats. Proposals like OP_CAT, CTV and Lightning-focused LNHANCE—each associated with covenants and programmability—remain under discussion but lack an agreed activation path. Proposals such as BIP 360 and similar efforts to ease the shift to quantum-resistant spending methods are also still on the table without a clear consensus.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Avalanche Treasury Corp varovala regulátory, že kvůli ztrátám z AVAX a tlaku na likviditu by letos nemusela přežít. Její akcie za měsíc spadly o více než 90 %.
TLDRAVAX Holdings Decline and Balance Sheet PressureStock Collapse Follows AVAX Treasury StrategyOther AVAX Treasury Firms Show Similar DeclinesGet 3 Free Stock Ebooks Avalanche Treasury Corp told regulators it may not survive the year due to financial strain. The company cited “substantial doubt” about its ability to continue as a going concern. AVAX price declines led to major writedowns and over $26 million in quarterly losses. The firm’s AVAX holdings dropped to nearly half of their original purchase value. Shares collapsed over 90% within a month and now trade below $0.73. Avalanche Treasury Corp told regulators it may not survive the year after a steep decline in its finances. The company disclosed material losses and liquidity pressure linked to falling AVAX prices. It also warned that current conditions raise “substantial doubt” about its ability to continue operations.
AVAX Holdings Decline and Balance Sheet Pressure The company previously promoted a large AVAX treasury valued near one billion dollars during last year’s expansion phase. However, market conditions changed, and the value of its AVAX holdings dropped sharply over recent months. As a result, its market capitalization fell below thirty million dollars, reflecting severe investor concern.
Its operating unit reported losses exceeding twenty-six million dollars in one quarter due to AVAX writedowns. The firm bought AVAX for about two hundred sixty-five million dollars, yet the holdings fell to nearly one hundred twenty-three million dollars. This gap left the company holding assets worth far less than their original purchase cost.
AVAX prices declined forty-seven percent this year and nearly two-thirds over the past twelve months. Consequently, the treasury strategy weakened as asset values dropped and reduced the firm’s financial flexibility. The company stated that these conditions created ongoing uncertainty regarding its financial stability.
Stock Collapse Follows AVAX Treasury Strategy Avalanche Treasury Corp completed a merger with a blank check company and entered public markets with high expectations. However, investor sentiment turned negative as disclosures revealed risks tied to its AVAX exposure and financial position. The stock fell from above ten dollars to below two dollars within days of additional filings.
Shares continued to decline and traded below seventy-three cents, entering penny stock territory. In total, the stock lost more than ninety percent of its value within one month. This decline reflected market concern over the sustainability of its AVAX treasury model.
The company also pledged a large portion of its AVAX holdings as collateral for a loan agreement. It committed nearly seven point eight million AVAX tokens from a total of thirteen point eight million holdings. This move increased financial risk as falling prices could pressure collateral requirements.
Other AVAX Treasury Firms Show Similar Declines Other firms pursuing AVAX treasury strategies reported similar declines in value after initial expansion plans. AgriFORCE Growing Systems rebranded as AVAX One and announced a large capital raise to acquire more AVAX. The company aimed to build a significant AVAX treasury supported by strategic investors and advisors.
Despite those plans, its market value dropped sharply and now stands near forty-three million dollars. The firm’s shares declined sixty-eight percent this year and over ninety percent in the past year. These figures highlight the broader pressure affecting companies holding large AVAX reserves.
Data across the sector shows a consistent downward trend in treasury company valuations linked to AVAX exposure. Companies that accumulated AVAX during earlier market optimism now face reduced asset values and weaker investor confidence. This trend underscores the risks tied to concentrated digital asset treasury strategies.
Avalanche ve 2. čtvrtletí 2026 přidal na C-Chain 707 000 nových adres, tedy šestkrát více než v 1. čtvrtletí. TVL sítě mezitím téměř zdvojnásobil na zhruba 2,1 miliardy USD.
Avalanche’s C-Chain onboarded 707,000 new addresses during Q2 2026. That’s six times the number added in Q1, a pace that suggests something beyond routine growth is happening on the layer-1 network.
The numbers behind the surge The 707,000 figure represents net new C-Chain addresses, the primary execution layer where most user activity on Avalanche takes place. Monthly new address data tracked by The Block has become one of the more reliable proxies for gauging real user adoption on the network, and the Q2 numbers represent a clear inflection point.
Avalanche’s DeFi ecosystem has been pulling in capital at a remarkable clip. Total value locked across the network has nearly doubled since April 2025, reaching approximately $2.1 billion.
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The subnet architecture has also been expanding. By the end of 2025, the network had 75 active subnets, a 158% year-over-year increase. Each subnet can be tailored for specific applications, whether that’s gaming, enterprise logistics, or DeFi protocols, without clogging the main road.
On the infrastructure side, Avalanche raised its C-Chain gas target to support throughput of 4 million transactions per second.
What changed to unlock this growth The Etna upgrade, which went live in December 2024, significantly reduced the cost of deploying new subnets. Following Etna, the Avalanche9000 and Granite initiatives further refined the network’s performance characteristics.
VanEck launched a spot AVAX ETF in January 2026, giving traditional finance a regulated on-ramp to the token. A spot ETF signals that at least some regulatory bodies have reached a level of comfort with AVAX’s classification as a digital commodity. Pilot programs targeting institutional participation in Avalanche’s DeFi ecosystem have also contributed to the TVL growth.
What this means for investors For AVAX holders, more active users means more transaction fees, and more transaction fees means more demand for the token that pays those fees. AVAX is also used for staking and subnet validation, so network expansion creates additional demand channels beyond simple transaction activity.
Avalanche is carving out a distinctive position with its subnet model at a time when other layer-1s are competing primarily on raw throughput or EVM compatibility. The 75 active subnets represent a real differentiator, particularly for enterprise use cases where organizations want their own execution environment without sacrificing interoperability with the broader ecosystem.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SEC schválila změnu pravidel pro zalistování aktivně spravovaného T. Rowe Price Active Crypto ETF na NYSE Arca. Fond má držet zhruba 5 až 15 různých kryptoměn včetně BTC, ETH, SOL, XRP, ADA, AVAX, LTC, DOT, DOGE a LINK.
On June 14, U.S. Securities and Exchange Commission (SEC) filings show the regulator has formally approved a rule change proposed by NYSE Arca that enables the listing and trading of the T. Rowe Price Active Crypto ETF. An actively managed cryptocurrency ETF, the fund will invest in a basket of digital assets meeting SEC-defined "eligible asset" criteria. While it uses a cryptocurrency index as its benchmark, it will not track that index passively. The filing notes the fund is projected to hold roughly 5 to 15 distinct cryptocurrencies, including major tokens like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Litecoin (LTC), Polkadot (DOT), Dogecoin (DOGE), and Chainlink (LINK). The SEC filing also reveals the fund may hold stablecoins—primarily USDC—as "tokenized cash" during normal operations to cover expenses and rebalance assets, though these will not count toward its core investment portfolio. The approval notice stresses the product must adhere to NYSE Arca’s rules around anti-manipulation, disclosure, liquidity, and risk management. It also requires the fund to have information barriers (often called "firewalls") and position transparency mechanisms in place to uphold market fairness and prevent insider trading. Analysts say this ETF’s approval further expands cryptocurrency’s footprint within the traditional financial sector, marking the arrival of actively managed multi-crypto ETFs as tradable products under mainstream regulatory oversight.
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FIFA Collect testuje na Avalanche nový ticketingový model proti botům, podvodům a přeprodejům. Podle Ava Labs už bylo vydáno přes 100 000 RTB a sekundární objem RTT přesáhl 15 milionů USD, zatímco kombinovaný objem RTB a RTT přesáhl 25 milionů USD.
Welcome to The Protocol, CoinDesk’s tech newsletter covering the most important stories in blockchain. I’m Margaux Nijkerk, a reporter at CoinDesk.
We’re revamping the newsletter to bring you a deeper look at the biggest trends, breakthroughs and debates shaping blockchain technology each week.
This week, we're looking at how FIFA is using the Avalanche blockchain to test out a new ticketing system
As the 2026 FIFA World Cup unfolds across North America, one of blockchain's biggest real-world tests is happening largely behind the scenes.
FIFA Collect, the federation's digital collectibles and fan platform, is using the Avalanche network and Modex for its operations to power a new ticketing model designed to address some of the biggest frustrations in sports: bots, ticket fraud and runaway secondary-market prices.
The system, which is on a customizable Avalanche Layer-1 blockchain known as the FIFA blockchain, revolves around two features for a designated number of tickets: a Right-to-Buy (RTB) and a Right-to-Ticket (RTT). Neither is the ticket itself.
Instead, an RTB is a digital entitlement that gives fans priority access to purchase a specific ticket before it becomes publicly available, giving them another way to buy tickets. Fans can acquire RTBs through FIFA Collect and trade them on secondary markets at a market value. Once redeemed, the RTB converts into an RTT, which can then be used to purchase an official match ticket through FIFA's existing ticketing infrastructure.
The concept may sound complicated, but the underlying goal is straightforward: move ticket resale activity into an environment controlled by FIFA rather than third-party marketplaces.
"It's a little bit of the Taylor Swift problem," said Dominic Carbonaro, who leads the consumer enterprise vertical at Ava Labs, the main developer firm supporting Avalanche. "Concert gets announced, huge influx of buying comes in, primarily from bots. They buy all the tickets, and then the secondary market sales happen."
The RTB model, he said, "shifts where the secondary sales market takes place."
Traditionally, event organizers sell tickets at face value and much of the value created by overwhelming demand is captured later by companies such as StubHub, SeatGeek or Vivid Seats. FIFA's approach attempts to bring some of that activity back into its own ecosystem, part of a broader strategy around the 2026 World Cup that has seen the organization seek tighter control over everything from ticketing and fan data to stadium branding and commercial operations around venues.
According to figures shared by Ava Labs, more than 100,000 RTBs have been issued to date. More than 50,000 Club World Cup tickets have been distributed in bundles with RTBs. Secondary-market volume for RTTs has surpassed $15 million, while combined RTB and RTT volume has exceeded $25 million.
The numbers are notable because they represent something the crypto industry has struggled to produce in recent years: a blockchain application tied to a real-world product rather than speculation.
For Ava Labs, the project is less about NFTs and more about infrastructure. "We want to deliver Web2 experiences with blockchain underneath," Carbonaro said. "The user should not even know they're using blockchain."
The goal is for fans to interact with a familiar consumer application while blockchain handles verification and asset ownership in the background. The actual match tickets, however, are still issued through FIFA's existing ticketing infrastructure. When a fan redeems an RTB, it converts into an RTT, which can then be used to access the official ticket purchase process and obtain the underlying ticket through FIFA's traditional system.
"The tickets are now 100% verifiable onchain, so it reduces all types of fraud, fake secondary sales, etc.," Carbonaro said.
That may be particularly valuable for an event like the World Cup, which attracts global demand and has historically been a target for ticket scams and counterfeit listings.
But the experiment raises an important question: who benefits most?
Ava Labs claimed that for fans, the value proposition is greater certainty. Rather than entering lotteries or waiting in digital queues, users can acquire a tradable right that guarantees access to purchase a ticket. For FIFA, however, the benefits extend much further.
Beyond new revenue opportunities, the model gives FIFA more visibility into who ultimately attends its events. In the traditional ticketing ecosystem, much of that information is controlled by secondary marketplaces.
"The actual administrator of those tickets, FIFA, has no idea who the people are buying," Carbonaro said. "That data sits with SeatGeek, StubHub, Ticketmaster, Vivid Seats." He argued that FIFA Collect's RTB and RTT system gives FIFA greater insight into how ticket rights change hands within its own ecosystem, rather than relying on third-party platforms that typically control the customer relationship.
With RTBs and RTTs, FIFA can better track how fans move through the ticketing process while keeping personal information offchain and using blockchain records as a verification mechanism.
That data component may ultimately prove as valuable as the ticketing functionality itself. Sports organizations increasingly view direct fan relationships as strategic assets, particularly as AI tools make first-party data more valuable.
Whether FIFA's ticketing model becomes a template for future tournaments remains to be seen. Critics could argue that introducing tradable purchase rights simply creates another layer between fans and tickets.
Either way, the World Cup offers a glimpse of where blockchain adoption may be heading next. Instead of asking consumers to embrace crypto, projects like FIFA Collect are attempting to hide it altogether. And for Avalanche, that may be the most important test of all.
