Digital asset management company ParaFi Capital will tokenize $1.2 billion fund on Avalanche chain

Odaily Odaily News Digital asset management company ParaFi Capital announced that it will tokenize part of its $1.2 billion investment portfolio through the Securitize platform on the Avalanche blockchain and can trade through the securitization platform. This is the company's first attempt at fund tokenization, providing a portion of the equity of its latest venture capital fund. It is reported that ParaFi has invested in Securitize and Avalanche. In August this year, the company completed a $120 million financing, with investors including Theta Capital Management and Accolade Partners. (Cointelegraph)