Avalanche Enables Securitize’s First On-Chain RWA Transaction in Spain’s Regulated Market

Securitize Europe completed Spain’s first on-chain secondary transaction of a tokenized financial instrument on Avalanche. This transaction demonstrates how blockchain technology can enhance transparency in regulated markets. Securitize Europe Brokerage and Markets has achieved a significant milestone by conducting the first formal on-chain secondary transaction of a tokenized financial instrument in Spain. This transaction, represented [...]

Avalanche Enables Securitize’s First On-Chain RWA Transaction in Spain’s Regulated Market
Avalanche patners with Citibank
  • Securitize Europe completed Spain’s first on-chain secondary transaction of a tokenized financial instrument on Avalanche.
  • This transaction demonstrates how blockchain technology can enhance transparency in regulated markets.

Securitize Europe Brokerage and Markets has achieved a significant milestone by conducting the first formal on-chain secondary transaction of a tokenized financial instrument in Spain. This transaction, represented on a public blockchain, marks a pivotal moment for integrating blockchain technology into regulated markets, enhancing transparency and efficiency.

On June 10, 2024, Securitize Europe Brokerage and Markets announced the successful execution of a tokenized financial instrument transaction under the regulatory framework of Spain’s Law 6/2023 on Securities Markets and Investment Services. This transaction was carried out on the Avalanche (AVAX) blockchain, making it the first formal on-chain secondary transaction in Spain. The transparency and efficiency offered by blockchain technology are poised to transform regulated markets.

Securitize’s achievement demonstrates the potential for real-world assets (RWAs) to be tokenized and traded on public blockchains. This breakthrough offers a glimpse into the future of financial markets, where blockchain technology could provide a secure, transparent, and efficient platform for trading various financial instruments.

Importance of Blockchain in Regulated Markets

The integration of blockchain technology into regulated markets offers several advantages. Blockchain provides an immutable and transparent ledger, which enhances the trust and efficiency of financial transactions. By tokenizing real-world assets, blockchain can streamline the trading process, reduce costs, and improve accessibility for investors.

Securitize’s transaction exemplifies these benefits, showcasing how blockchain can be leveraged within the framework of existing financial regulations. The use of Avalanche’s blockchain ensures that transactions are secure, transparent, and efficient, aligning with the regulatory requirements of Law 6/2023 in Spain. The successful execution of this transaction signifies just the beginning of a broader movement toward the adoption of blockchain technology in regulated financial markets. 

Avalanche Resilience Amid Market Fluctuations

At the time of writing, Avalanche is priced at $30.26, with an impressive 24-hour trading volume of $323 million and a substantial market capitalization of $11.91 billion. Despite the recent market fluctuations, Avalanche has managed a slight price decrease of 5% in the past 24 hours, indicating resilience and potential for further gains as market conditions stabilize.

 

Jonathan Carter, a respected analyst, has recently shared his bullish outlook on Avalanche, suggesting imminent price movements could favor investors. Carter’s analysis indicates that AVAX is currently approaching a significant support zone, hinting at a potential upward trend in the near future. He has outlined several ambitious price targets for AVAX post-breakout, setting them at $37, $42, $45, $51, $58, and $64.5, reflecting his confidence in the coin’s potential for substantial gains. 

Changelly, has recently published its latest forecast for AVAX. They are expecting that AVAX value will rise by 8.38% to reach $35.94 on June 14th, 2024. This is consistent with Carter’s positive view. According to Changelly’s technical indicators, there is a strong bullish position as shown by a large 23% market sentiment towards such trends. Additionally, investors’ Fear & Greed Index currently remains at 72 (Greed), indicating positive market sentiment.


(Excluding for the Headline, this article ("story") has not been edited by MiBiz News and is published from a web feed or sourced from the Internet.)