The future of payments, banking, sports loyalty, and more, are being built on Avalanche.
@dragonfly’s Rob Hadick explains how it all connects: businesses customize their own L1s while participating in a shared ecosystem that grows stronger with every new use case.
@dragonfly’s Rob Hadick explains how it all connects: businesses customize their own L1s while participating in a shared ecosystem that grows stronger with every new use case.
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Avalanche🔺 retweeted
訪日旅行者の免税還付金を、円建てステーブルコイン「JPYC」で受け取れるように
UPBOND と日本免税が、11月1日からサービスを始めます。
- ウォレットを持っていない旅行者でも、受け取り用ウォレットの作成から還付金の受け取りまで完結
- 金手数料を抑えられる
- 送金にはAvalancheのC-Chainを使う計画
11月1日から始まる免税制度の変更（リファンド方式）にあわせた取り組みです。
@GinJapanTM
UPBOND と日本免税が、11月1日からサービスを始めます。
- ウォレットを持っていない旅行者でも、受け取り用ウォレットの作成から還付金の受け取りまで完結
- 金手数料を抑えられる
- 送金にはAvalancheのC-Chainを使う計画
11月1日から始まる免税制度の変更（リファンド方式）にあわせた取り組みです。
@GinJapanTM
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JUST IN: Japan's tax refunds for travelers are coming to Avalanche via JPYC stablecoin
Japan Tax Free, @jpyc_official, and UPBOND are developing a way for international visitors to receive eligible refunds on Avalanche C-Chain, directly to their wallets.
Real-world payments built on Avalanche.
Japan Tax Free, @jpyc_official, and UPBOND are developing a way for international visitors to receive eligible refunds on Avalanche C-Chain, directly to their wallets.
Real-world payments built on Avalanche.
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Avalanche🔺 retweeted
Speaking on the Avalanche Q3 Ecosystem Call, Matias A., Chief Investment Officer of the Avalanche Foundation (@frostLedger), shared an update on the Foundation’s economic research agenda.
The measurement framework is now established, work on value capture is underway, and on how value is distributed through the ecosystem 🔺
The measurement framework is now established, work on value capture is underway, and on how value is distributed through the ecosystem 🔺
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Episode 1 available now.
x.com/avax/status/21…
x.com/avax/status/21…
“There was really only one choice.”
Dinari set out to upgrade the infrastructure of capital markets. Gabriel Otte shares how they’re bringing stocks onchain and why they chose Avalanche to power the infrastructure behind it.
Avalanche Originals, Episode 1.
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“There was really only one choice.”
Dinari set out to upgrade the infrastructure of capital markets. Gabriel Otte shares how they’re bringing stocks onchain and why they chose Avalanche to power the infrastructure behind it.
Avalanche Originals, Episode 1.
Dinari set out to upgrade the infrastructure of capital markets. Gabriel Otte shares how they’re bringing stocks onchain and why they chose Avalanche to power the infrastructure behind it.
Avalanche Originals, Episode 1.
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Avalanche🔺 retweeted
My takeaways from the excellent @Bullish x @Equiniti tokenization event yesterday at the @NYSE:
-blockchains are the next upgrade in mkt tech, & Bullish wants issuers at the center of it. In the NYSE boardroom (the old bond room!), @ThomasFarley traced the line from horses and telegraphs to pneumatic tubes & electronic ledgers. Bullish wants the product ready before the market is; its 1 non-negotiable is the issuer’s central role
-multiple versions of the same stock won’t last. Asset managers present don't expect today’s multiple types of tokenized stock (DTCC, custodial, synthetic, issuer) to all survive, since fragmented liquidity hurts everyone
-the @SECGov Innovation Exemption gives issuers a narrow veto. Before a tokenized securities venue can trade a 3rd-party token of a company’s stock, the issuer gets 30 days to object, venue by venue. Bullish’s pitch is that issuer tokens give companies more control, since the transfer agent’s smart contract decides where they can move, including NYSE, Nasdaq, defi
-tokenization gives issuers control & data they don’t have today. It solves 3 problems now: 24/7 trading with instant settlement, a live view of who holds your stock + for how long, transfer rules coded into the token. Shares can only move to KYC’d wallets, & RSUs can stay locked in an employee’s wallet until they vest
-shareholders can become customers. an airline could give shareholders their own boarding group or lounge access. A coffee chain could give a free coffee to anyone who votes their proxy, regardless of how they vote.
-the transfer agent holds the keys. Bullish told issuers “you’re in control,” but the TA runs the smart contract + decides which wallets can hold the token. That’s where the leverage sits & it’s why Bullish is buying Equiniti
-tokens can make deal closings instant. On stage, Bullish moved 61M reserved shares (the purchase price for its $4.2B Equiniti acquisition) as tokens into a BitGo-custodied wallet. When the deal closes, the tokens move to the seller, & anyone can watch it happen onchain
-a token is only as good as the market around it. 1 broker bought $60M of Figure’s February offering, issued as an SEC-registered token. With no market maker for the first few hours, trading was so bad that clients sent ~1k complaints. Once one stepped in the next morning, the token became as liquid as the regular stock. Utility matters too: $10k of Nvidia in a brokerage acct is good for little beyond a margin loan, but on chain it could back a car loan
-once the infra is built, mkts will switch over quickly, & underwriters could lose the most. Issuing tokens straight into investor wallets cuts out much of the 4-7% IPO fee. Bund futures show the pattern: electronic trading competed with LIFFE’s floor for years, then took nearly the whole mkt in ~1 yr once liquidity tipped. 1 panelist expected most of the S&P 500 to trade as tokens within 2-4 yrs
-tokenization is a big upgrade for a small group of investors. 1 asset manager said it’s only ~5% better for most, which isn’t enough to beat inertia. For some it’s 100% better: people who want 24/7 trading + instant settlement, DeFi / stablecoin users, & offshore investors with poor access to US brokerage
-instis need privacy before they’ll move at scale. The tech already works: Cumberland helped execute a Saturday repo of tokenized Treasuries against USDC, in + out in ~20 minutes. That said, no fund wants competitors watching its wallets while it builds or exits a position. Onchain trades need to be private to the market but visible to regulators, issuers
-blockchains are the next upgrade in mkt tech, & Bullish wants issuers at the center of it. In the NYSE boardroom (the old bond room!), @ThomasFarley traced the line from horses and telegraphs to pneumatic tubes & electronic ledgers. Bullish wants the product ready before the market is; its 1 non-negotiable is the issuer’s central role
-multiple versions of the same stock won’t last. Asset managers present don't expect today’s multiple types of tokenized stock (DTCC, custodial, synthetic, issuer) to all survive, since fragmented liquidity hurts everyone
-the @SECGov Innovation Exemption gives issuers a narrow veto. Before a tokenized securities venue can trade a 3rd-party token of a company’s stock, the issuer gets 30 days to object, venue by venue. Bullish’s pitch is that issuer tokens give companies more control, since the transfer agent’s smart contract decides where they can move, including NYSE, Nasdaq, defi
-tokenization gives issuers control & data they don’t have today. It solves 3 problems now: 24/7 trading with instant settlement, a live view of who holds your stock + for how long, transfer rules coded into the token. Shares can only move to KYC’d wallets, & RSUs can stay locked in an employee’s wallet until they vest
-shareholders can become customers. an airline could give shareholders their own boarding group or lounge access. A coffee chain could give a free coffee to anyone who votes their proxy, regardless of how they vote.
-the transfer agent holds the keys. Bullish told issuers “you’re in control,” but the TA runs the smart contract + decides which wallets can hold the token. That’s where the leverage sits & it’s why Bullish is buying Equiniti
-tokens can make deal closings instant. On stage, Bullish moved 61M reserved shares (the purchase price for its $4.2B Equiniti acquisition) as tokens into a BitGo-custodied wallet. When the deal closes, the tokens move to the seller, & anyone can watch it happen onchain
-a token is only as good as the market around it. 1 broker bought $60M of Figure’s February offering, issued as an SEC-registered token. With no market maker for the first few hours, trading was so bad that clients sent ~1k complaints. Once one stepped in the next morning, the token became as liquid as the regular stock. Utility matters too: $10k of Nvidia in a brokerage acct is good for little beyond a margin loan, but on chain it could back a car loan
-once the infra is built, mkts will switch over quickly, & underwriters could lose the most. Issuing tokens straight into investor wallets cuts out much of the 4-7% IPO fee. Bund futures show the pattern: electronic trading competed with LIFFE’s floor for years, then took nearly the whole mkt in ~1 yr once liquidity tipped. 1 panelist expected most of the S&P 500 to trade as tokens within 2-4 yrs
-tokenization is a big upgrade for a small group of investors. 1 asset manager said it’s only ~5% better for most, which isn’t enough to beat inertia. For some it’s 100% better: people who want 24/7 trading + instant settlement, DeFi / stablecoin users, & offshore investors with poor access to US brokerage
-instis need privacy before they’ll move at scale. The tech already works: Cumberland helped execute a Saturday repo of tokenized Treasuries against USDC, in + out in ~20 minutes. That said, no fund wants competitors watching its wallets while it builds or exits a position. Onchain trades need to be private to the market but visible to regulators, issuers
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Avalanche🔺 retweeted
Introducing Earn+: 12% rewards on your dollars in a single tap.
Available now for Pro and VIP users and rolling out to all Ethena Pay users in the coming days.
Available now for Pro and VIP users and rolling out to all Ethena Pay users in the coming days.
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