Avalanche Price Soars as Tokenized Fund Launch Paves Way for Institutional Liquidity

Avalanche (AVAX) has seen its price rise after New York Life Investment Management launched the first Avalanche-based tokenized fund.

The development is significant for the network as it paves the way for institutional liquidity and high-yield corporate bonds on the platform.

Paxos integration will expand institutional access to Avalanche-native USDC and AVAX, facilitating adoption by payment providers and supporting product development on the chain.

COTI has also deployed a privacy layer on Avalanche, which may boost its appeal in the market.