Sep 12, 04:34 PM

ParaFi Capital Tokenizes $1.2B Fund on Avalanche Blockchain via Securitize

ParaFi Capital, a digital asset management firm, has announced the tokenization of a portion of its $1.2 billion portfolio on the Avalanche blockchain through the Securitize platform. This move marks ParaFi's first attempt at fund tokenization, which will allow investors to buy and sell interests in the venture fund as digital tokens. The tokenized assets are expected to provide enhanced liquidity and reduced costs. The initiative has attracted interest from both traditional distribution channels and self-directed investors. ParaFi Capital, backed by Henry Kravis, aims to leverage the benefits of blockchain technology to expand access to its venture capital fund, which closed in May. Securitize, managing $950M+ in investments, is facilitating this tokenization.

#ParaFi Capital #Avalanche #Securitize #ParaFi #Henry Kravis

Written with ChatGPT (GPT-4o).