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Will a major traditional financial institution invest in ParaFi Capital's tokenized venture fund by June 30, 2025?
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Resolution / Starting Odds
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Official announcement from the financial institution or ParaFi Capital
Story
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.
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Goldman Sachs • 25%
BlackRock • 25%
Fidelity • 25%
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JPMorgan Chase • 25%
Goldman Sachs • 25%
Bank of America • 25%
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Vanguard • 25%
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