ParaFi Capital to Tokenize Portion of Funds on Avalanche Through Securitize
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September 13, 2024
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English Translation
Foresight News reports that digital asset management firm ParaFi Capital will tokenize portions of its managed funds on Avalanche through Securitize, a tokenization company. ParaFi Capital manages over $1 billion in assets. ParaFi Capital stated that tokenization of private market strategies can streamline settlement processes, reduce legal and administrative costs, and ultimately lead to benefits in liquidity, programmability, and cross-margining.
Foresight News previously reported that Securitize, the tokenization company, closed a $47 million strategic financing round led by BlackRock, with participation from ParaFi Capital and others.
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