Grove Field Notes: Allocating to @galaxyhq's tokenized crypto-backed CLO on @avax
Grove partnered with Galaxy and @ArchLending to assist in structuring and bringing to market the first digitally native securitization of its kind onchain.
Structuring the future of finance.
Safe multi-sig wallet support just got a major upgrade on Avalanche 🔺
@ash_avax has been supporting over 10 L1 teams in mainnet for treasury and admin operations for nearly two years.
Today that expands to the Avalanche C-Chain.
T. Rowe Price Picks LINK, ADA For First Crypto ETF
T. Rowe Price has received SEC approval for its first crypto fund, with $XRP, $LINK, $AVAX and $ADA among the selected assets.
The investment giant manages roughly $1.9 trillion in client assets.
The actively managed ETF marks the firm's first direct step into digital assets.
A lot of people look at @FIFAWorldCup tickets being issued and managed on @avax and ask, “Why does this need a blockchain?”
The answer isn’t because blockchain makes tickets magically better. It’s because blockchain solves problems that traditional systems struggle with.
Today, when tickets move through secondary markets, event organizers often lose visibility into who actually owns the ticket. They lose the ability to directly engage with fans. They lose valuable customer data. And in many cases, they lose participation in the economics of those transactions altogether.
Blockchain changes that.
Tickets become programmable digital assets. Ownership can be tracked. Transfers can be verified. Organizers can maintain a direct relationship with fans throughout the entire lifecycle of the ticket, not just at the initial sale.
For an event as large as the FIFA World Cup, that matters and it’s one of the many reasons you should be bullish on Avalanche.
Technology Built for Sports. ⚽️
There’s a conflict inside TradFi.
Firms want access to the innovation of public blockchains, but they also need control, privacy, and known participants.
On Avalanche, with custom L1s, that tradeoff disappears.
@John1Wu explains:
BREAKING: FIFA is using Avalanche blockchain technology for ticketing and fan experiences.
Ava Labs President John Wu says FIFA is leveraging Avalanche for loyalty programs, ticket access, and related World Cup functionality.
The biggest sporting event, @FIFAWorldCup, is using @avax blockchain technology.
In a recent interview with Grayscale Head of Research @LowBeta, @avax President @John1wu shared that FIFA is utilizing Avalanche for ticketing and fan experiences.
dShares™ are live on @AVAX 🔺
Starting today, the full dShares™ catalog is live on Avalanche C-Chain. 350+ stocks, ETFs, and REITs now accessible onchain to eligible investors. SpaceX next.
Real U.S. equities, with real ownership, on one of crypto's largest networks.
BREAKING NEWS: @DinariGlobal dShares™ are live on Avalanche C-Chain.
The full dShares™ catalog brings tokenized U.S. equities, backed by real shares, into Avalanche’s broader ecosystem.
24/7 access to U.S. markets for eligible users from 85+ countries. More 👇
Exposure to crypto is one thing.
Building structure for serious capital to hold it, manage it, and participate is another.
@gbartsmith knows it, from Susquehanna’s crypto desk to strategy & capital deployment at @avat_co.
And he's speaking at Summit: https://t.co/Q6Vj9cKMZl
He brings a Wall Street market structure lens to blockchain's most important open question:
How does a speculative asset class become institutional financial infrastructure?
That conversation is happening at Avalanche Summit.
Sept 16-17 in New York City.
Blockchains aren’t dead. Useless ones are.
@JohnNahas84 is seeing capital moving towards the builders creating new rails, new use cases, and real revenue-generating businesses.
That is where Avalanche is focused.
@FIFACollect, @Broadridge, @Lynq_Network, @AxiymFinance, and other serious teams are using Avalanche for things people can actually use: ticketing, payments, settlement, governance, compliance, and dedicated infrastructure.
Real applications, real businesses.
On Avalanche 🔺
We couldn’t have asked for a better partner. Combining @avax’s deep relationships across traditional finance with @aave Horizon’s lending infra makes this expansion a natural fit.
I'm also seeing a different energy in crypto circles in general and at Consensus Miami in particular. The attendees all look like normal professionals. And there's a record number of professional women in crypto. It's clear that traditional finance professionals are coming into our space.
Avalanche has always anticipated this moment. Institutional adoption is moving along. It's not super fast right now, but it's definitely in motion, and we know that these moves happen slowly at first then all at once. The stage belongs to those who can build efficient institutional rails. 🔺