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Avalanche enables Securitize’s first on-chain RWA transaction on the Spanish regulated market

Posted on by darion

  • Securitize Europe has completed the first on-chain secondary transaction in Spain for a tokenized financial instrument on the Avalanche platform.
  • This transaction shows how blockchain technology can increase transparency in regulated markets.

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

On June 10, 2024, Securitize Europe Brokerage and Markets announced the successful execution of a transaction in a tokenized financial instrument in accordance with the regulatory framework of the Spanish Law No. 6/2023 on securities markets and investment services. This transaction was carried out on the Avalanche (AVAX) blockchain, making it the first formal secondary on-chain transaction in Spain. The transparency and efficiency offered by blockchain technology has the potential to transform regulated markets.

Securitize’s achievement demonstrates the potential of real assets (RWA) for tokenization and trading on public blockchains. This breakthrough offers a glimpse into the future of financial markets, where blockchain technology can provide a safe, transparent and efficient platform for trading various financial instruments.

The importance of Blockchain on regulated markets

Integrating blockchain technology into regulated markets has several advantages. Blockchain provides an immutable and transparent ledger that increases trust and efficiency in financial transactions. By tokenizing real-world assets, blockchain can streamline the trading process, lower costs and improve accessibility for investors.

The Securitize transaction exemplifies these benefits, showing how blockchain can be used within existing financial regulations. The use of the Avalanche blockchain guarantees that transactions are secure, transparent and efficient, in line with the regulatory requirements of Law No. 6/2023 in Spain. The successful completion of this transaction marks just the beginning of a broader movement towards the adoption of blockchain technology in regulated financial markets.

Resistance to avalanches in the face of market fluctuations

At the time of writing, the Avalanche is priced at $30.26, with an impressive 24-hour trading volume of $323 million and a significant market capitalization of $11.91 billion. Despite recent market fluctuations, Avalanche has managed to lower the price slightly 5% in the last 24 hours, which indicates immunity and potential for further profits as market conditions stabilize.

This was recently done by Jonathan Carter, a respected analyst shared his bullish perspective on Avalanche, which suggests that imminent price changes may favor investors. Carter’s analysis indicates that AVAX is currently approaching a significant support zone, indicating a potential uptrend in the near future. He outlined some ambitious price targets for AVAX after the breakout, setting them at $37, $42, $45, $51, $58 and $64.50, reflecting his confidence in the coin’s potential for significant gains.

Changelly, it has recently published your latest forecast for AVAX. They expect AVAX to increase by 8.38% to reach $35.94 on June 14, 2024. This is consistent with Carter’s positive assessment. According to Changelly technical indicators, there is a strong bullish position, as evidenced by the large 23% market sentiment towards such trends. Moreover, the investor fear and greed index currently remains at 72 (greed), which indicates positive market sentiment.

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