ParaFi Capital Tokenizes $1.2 Billion Venture Fund Using Securitize on Avalanche Blockchain

Sep 12, 2024, 01:50 PM

Digital-asset manager ParaFi Capital is leveraging Securitize's tokenization platform to tokenize a minority portion of its latest venture-capital fund, which closed in May. The $1.2 billion firm will bring the tokenized interest on-chain using the Avalanche blockchain, aiming to provide enhanced liquidity and reduced costs. ParaFi's move is part of a broader trend in the financial industry towards the tokenization of illiquid assets, a market projected to reach $16 trillion by 2030. The initiative has attracted interest from both traditional distribution channels and self-directed investors, highlighting the growing acceptance of blockchain technology in mainstream finance.