Asset manager Grayscale Investments has just announced the launch of a new investment trust for Avalanche's native token, AVAX, The Block has reported.
The Grayscale Avalanche Trust offers investors exposure to Avalanche, a smart contract platform designed for scalability, network security and decentralization.
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Avalanche, a layer 1 blockchain network, focuses on enabling real-world asset tokenization (RWA). This involves converting tangible assets such as real estate, commodities or artwork into on-chain tokens.
Grayscale's Avalanche Trust enables investors to participate in Avalanche's advancement of RWA tokenization through strategic partnerships and a unique multi-chain structure.