Avalanche Welcomes New High-Income Tokenized Fund

Avalanche's blockchain has welcomed a new high-income tokenized fund, marking another significant milestone in its growing real-world asset offerings. The Neuberger Securitize High Income Tokenized Fund (HINC) is sub-advised by Neuberger Berman and features a mix of high-yield bonds, collateralized loan obligations (CLOs), and leveraged loans.

This fund's launch highlights Avalanche's expanding role in tokenizing traditional financial assets. With the addition of HINC, the network's real-world asset market is nearing $2 billion. AVAX's price has hovered near $6.35 following the launch but remains below its short-term resistance level of $6.43.