According to Foresight News , digital asset management company ParaFi Capital will tokenize some of its managed funds on Avalanche through asset tokenization company Securitize. ParaFi Capital manages more than $1 billion in assets. ParaFi Capital said that tokenization of private market strategies can simplify the settlement process, reduce legal and administrative costs, and in the long run, can bring benefits in liquidity, programmability and cross-margin.
Foresight News previously reported that tokenization company Securitize completed a strategic financing of US$47 million, led by BlackRock and participated by ParaFi Capital and others.