SkyBridge Tokenizes ¥44 Billion in Assets on Avalanche

SkyBridge has tokenized ¥44 billion in assets on Avalanche, placing asset representations on the network's blockchain.

AVAX

Summary

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Terms & Concepts
  • Tokenization: The process of converting rights to an asset into a digital token recorded on a blockchain.
  • Avalanche blockchain: A smart contract platform used to deploy decentralized applications and tokenize assets.
  • On-chain assets: Assets represented by blockchain tokens, enabling transfer and ownership tracking on a distributed ledger.