Home » Avalanche (AVAX) gains its first institutional subnet with the launch of IntainMarkets

Avalanche (AVAX) gains its first institutional subnet with the launch of IntainMarkets

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Intain, a blockchain-based structured finance solution, has chosen Avalanche (AVAX) subnets for its dedicated asset-backed securities marketplace. According to the CEO of Ava Labs, this blockchain-based administration opens the doors to market opportunities exceeding $2 trillion.

Asset-backed securities land on Avalanche

Avalanche’s subnets, also known as AVAX, continue to appeal to businesses looking to use blockchain to secure and insure their transactions, thanks to their scalable and fully customizable environment. To find out more about these unique subnets, read our Avalanche ecosystem fact sheet.

Intain, a structured finance firm with over $5.5 billion in assets under management, has launched IntainMARKETS, its first sub-network built on the Avalanche framework. IntainMARKETS bills itself as Intain’s marketplace for transactions around tokenised asset-backed securities.

“Ava Labs is working to democratise the world of finance to become the blockchain protocol of choice for traditional financial assets coming to the blockchain. IntainMarkets is tackling a $2 trillion a year issuance market. “

Instead of replacing the financial intermediaries inherent in this type of market, the IntainMarkets subnet will integrate them directly into its network in a simplified and transparent manner. This includes asset issuers, transaction verification agents, curators and investors.

All of these players will be part of the Avalanche sub-network, working together to ensure a complete workflow on the network to support the transactions taking place on it, from origination to completion.

An important link between institutional and blockchain

Intain already benefits from significant partnerships within the traditional finance ecosystem, including WSFS Bank and UMB Bank, leading US trust banks that have chosen to adopt blockchain technology for part of their business.

S. Siddharta, Intain’s CEO, was already talking in May 2022 about the growing institutional interest in blockchain, provided that it fits within the various regulatory frameworks specific to financial markets:

In financial services, blockchain has reached an inflection point where traditional financial institutions are not only seeing the benefits of the technology, but are also studying and beginning to consider its adoption. We have maintained our conservative and pioneering approach, well within the framework of financial regulations […]. We don’t intend to be disruptive; we are simply reliable and results-oriented. “

Technically speaking, the IntainMarkets subnet will be hosted in the US and network validators will be required to certify their US citizenship to ensure compliance with US regulations. As with any subnet, IntainMarkets’ internet economy will be dictated by the company itself and will be impervious to Avalanche’s classic C-Chain.

John Wu, president of Ava Labs, emphasised the significant financial potential of the partnership:

Intain MARKETS is one of the first structured finance marketplaces we’ve seen that combines token issuance and investment with end-to-end blockchain administration. The scale of the opportunity offered by IntainMARKETS is impressive. We want Avalanche to be the blockchain protocol of choice for traditional financial assets going forward on-chain and this platform addresses a $2 trillion issuance market opportunity.”

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