Hyundai executes rapid seven-minute USDT treasury payment via Avalanche platform.
Progmat has completed its migration to Avalanche, bringing more than $2.7 billion in tokenized assets on-chain in what marks one of the largest institutional blockchain migrations to date.
Progmat develops security token infrastructure that accounts for 64.6% of Japan's security token market total issuance value.
Progmat moved above ¥452 billion in security-token assets from Corda 5 to Avalanche L1, adding EVM support and settlement below two seconds.
BlackRock's tokenized Treasury fund has rapidly expanded on Avalanche, underscoring growing institutional demand for blockchain-based money market products.
BlackRock's BUIDL topped $900 million on Avalanche after adding $436 million in one week, taking its total AUM to about $2.87 billion today.
BlackRock's BUIDL surpassed $900M on Avalanche as total AUM reached $2.87B, highlighting institutional demand for tokenized Treasuries.
The rapid growth in tokenized assets on Avalanche signals a shift towards blockchain-based financial products, potentially impacting Ethereum markets. BlackRock's BUIDL fund on Avalanche doubles to $900M AUM in a week.
Hyundai Card moved $20,000 USDT on Avalanche in seven minutes, vs 3–4 hour bank wires. A Europe test with Visa and Circle is next.
Hyundai's blockchain pilot could accelerate corporate adoption of stablecoins, but regulatory challenges may vary across global markets. Hyundai Motor completes $20,000 USDT transfer pilot on Avalanche.
Avalanche positioned itself as a formidable challenger to Ethereum during the previous market cycle. The platform's high-speed transactions, minimal transaction costs, and flexible subnet architecture attracted both developers and institutional players throughout the last bull run.
Regulatory compliance: The crypto treasury firm AVAX One Technology has officially restored its compliance with Nasdaq Listing Rule 5550(a)(2). Supply adjustment: The company executed a 1-for-12 reverse stock split to raise the trading price of its shares in the public market.