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Grayscale Franklin Templeton Launch Avalanche-based Funds
Grayscale has broadened its crypto investment offerings by introducing an Avalanche (AVAX) trust.
This new trust allows daily subscriptions and focuses solely on AVAX, mirroring the structure of Grayscale’s other single-asset products.
Grayscale Introduces AVAX Trust for Eligible Customers
Grayscale’s portfolio extends beyond Avalanche (AVAX), offering a wide range of crypto investment trusts for various tokens. These include major assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), as well as Litecoin (LTC), Zcash (ZEC), Chainlink (LINK), and Decentraland (MANA). More recently, the firm introduced trusts for emerging assets like Bittensor (TAO), Sui (SUI), Near Protocol (NEAR), and Stacks (STX).
Grayscale’s investment trusts allow customers to gain exposure to these cryptocurrencies indirectly. When investors purchase shares of a trust, Grayscale uses those funds to buy the corresponding digital asset.
The addition of the AVAX trust further expands their offerings, providing qualified investors a new avenue for exposure to Avalanche as part of their diversified crypto portfolio.
“Avalanche’s groundbreaking efforts to simplify the process of digitizing real-world assets help make blockchain technology more accessible to enterprises and governments, leading to wider adoption and interest,” Grayscale’s head of product and research, Rayhaneh Sharif-Askary told BeInCrypto.
Read More: How To Buy Avalanche (AVAX) and Everything You Need To Know
valanche is a key player in the real-world asset (RWA) tokenization narrative, providing blockchain infrastructure that links digital investments to tangible assets. Notably, the California DMV digitized 42 million car titles on the Avalanche network, showcasing its real-world utility.
Institutions Push To Integrate TradFi with DeFi
Besides Grayscale, global investment firm Franklin Templeton has also shown interest in Avalanche. The company expanded its blockchain operations to include the AVAX network, integrating its Nasdaq-listed Onchain US Government Money Fund (FOBXX).
Through its investment platform, Benji, Franklin Templeton allows customers to allocate to the fund using digital wallets on Avalanche. Eligible institutional investors can also maintain their wallets on the AVAX network.
“Bringing the Benji platform to the Avalanche network further expands access to our first-of-its-kind tokenized money market fund,” Franklin Templeton’s head of digital assets, Roger Bayston, said.
Read more: What is Tokenization on Blockchain?
Beyond the Avalanche network, Franklin Templeton has also partnered with Arbitrum. The firm introduced its tokenized money market fund to this Layer-2 network just two weeks ago. This expansion allows Franklin Templeton to tap into relationships with some of the largest decentralized autonomous organizations (DAOs) in the digital asset space.
These collaborations highlight the increasing institutional interest in integrating traditional finance (TradFi) into the decentralized finance (DeFi) ecosystem. Alongside Grayscale and Franklin Templeton, BlackRock (BUIDL) is making strides in the real-world asset tokenization space.
Goldman Sachs is also reportedly planning three tokenization projects this year, reflecting the broader push toward digital asset integration. However, the regulatoryа frameworks for tokenized assets remains uncertain, potentially complicating broader adoption.
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