COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Avalanche Expands into Tokenized Assets with Wine Fund
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Avalanche (AVAX) > Avalanche Expands into Tokenized Assets with Wine Fund
Avalanche (AVAX)

Avalanche Expands into Tokenized Assets with Wine Fund

In Brief

  • Avalanche announced the tokenization of a quality wine investment fund.

  • AVAX price increased by 8% with a $424.5 million 24-hour trading volume.

  • Avalanche launched initiatives to boost memecoin activity and DeFi integration.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

Avalanche (AVAX) saw an 8% price increase following the announcement of a quality wine investment fund tokenization initiative. Avalanche announced that the Wine Capital Fund was successfully tokenized by Oasis Pro and is now listed on ATS via the Avalanche C-Chain. This strategic move aims to capitalize on the growing tokenization trend and expand investment opportunities within the ecosystem.

Contents
Avalanche’s Expansion into Tokenized AssetsAVAX Rises with Tokenization Announcement

Avalanche’s Expansion into Tokenized Assets

Avalanche’s expansion into tokenized assets marks a significant broadening of its offerings, starting with the tokenization of a prestigious quality wine investment fund.

This initiative positions Avalanche at the forefront of innovation in the digital asset space, aligning with the current trend towards tokenization. By embracing tokenization, Avalanche aims to provide broader access to investment opportunities, increase inclusivity, and attract a wider range of investors.

WIVX Asset Management manages the closed-end investment vehicle Wine Capital Fund, which specializes in quality wines. The tokenization process, conducted by Oasis Pro, resulted in the fund being listed on Oasis Pro’s SEC-approved trading platform ATS. This partnership aims to establish a robust tokenized asset ecosystem within Avalanche, reflecting developments seen in major Blockchain networks like Ethereum. By entering the lucrative quality wine market, valued at over $400 billion, Avalanche aims to democratize investment access and expand its investor base.

AVAX Rises with Tokenization Announcement

AVAX is priced at $37.43 with a notable 24-hour trading volume of $424.5 million at the time of writing. Data shows the altcoin price increased by 8.01% in the last 24 hours, maintaining a trading range between $37.5 and $34.3.

Additionally, Open Interest (OI) for AVAX rose by 12.56% in the last 24 hours to $202.7 million, facing strong buying pressure as indicated by the Relative Strength Index (RSI) at 75.93.

In addition to its tokenization efforts, Avalanche has launched various initiatives to boost memecoin activity on its Blockchain. The Avalanche Foundation recently introduced Memecoin Rush, a $1 million liquidity mining incentive program modeled after the successful Avalanche Rush initiative. This program aims to increase memecoin activity on the network and further integrate decentralized finance (DeFi) solutions into the Avalanche ecosystem.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
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.

You Might Also Like

Unlocking Financial Efficiency: How Avalanche is Reshaping Traditional Finance

Watch AVAX Soar: Major Price Predictions Ignite New Interest

Grayscale’s Avalanche ETF Proposal Sparks Excitement in the Crypto Market

Unlock AVAX Potential: ETF Applications Spark Interest in Crypto Market

VanEck Files for Avalanche ETF, Sparking Price Surge and Investor Interest

COINTURK NEWS 17 May, 2024 - 2:56 pm 17 May, 2024 - 2:56 pm
Share This Article
Facebook Twitter
Share
Previous Article Bitcoin Surpasses $66,000 as Altcoins Continue Their Rally
Next Article French Regulator Warns Citizens About Bybit
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Experience the Real-World Power of Cryptocurrencies with Ripple’s Innovative Pilot
Ripple (XRP)
Experts Predict Next Moves for SOL, SUI, and S Coin
Technical Analysis
Stay Ahead with Key Crypto Developments This Week
Cryptocurrency News
Cryptocurrency Markets Struggle as Bitcoin Holds Steady
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?