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

• Securitize Europe has completed Spain’s first on-chain secondary transaction of a tokenized financial instrument on Avalanche.

• This transaction demonstrates how blockchain technology can improve transparency in regulated markets.

Securitize Europe Brokerage and Markets has reached 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 crucial moment for the integration of blockchain technology into regulated markets, improving transparency and efficiency.

On June 10, 2024, Securitize Europe Brokerage and Markets announced the successful execution of a tokenized financial instruments transaction under the regulatory framework of the Spanish 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 is set to transform regulated markets.

The Securitize achievement demonstrates the potential for tokenization and trading of real-world assets (RWA) 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 numerous advantages. Blockchain provides an immutable and transparent ledger, which improves 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.

The Securitize transaction exemplifies these benefits, showing how blockchain can be leveraged within existing financial regulations. The use of the Avalanche blockchain ensures that transactions are secure, transparent and efficient, in line with the regulatory requirements of Law 6/2023 in Spain. The success of this transaction marks only the beginning of a broader movement towards 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 cap of $11.91 billion. Despite recent market fluctuations, Avalanche managed to record a slight price decline of 5% in the last 24 hours, indicating resilience and potential for further earnings as market conditions stabilize.

Jonathan Carter, a respected analyst, did this recently shared his bullish outlook on Avalanche, suggesting that impending price movements could benefit investors. Carter’s analysis indicates that AVAX is currently approaching a significant support zone, suggesting a potential uptrend in the near future. He 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.

Changes, yes recently published his latest forecast for AVAX. They expect the value of AVAX to increase by 8.38% to reach $35.94 on June 14, 2024. This is consistent with Carter’s positive outlook. According to Changelly’s technical indicators, there is a strong bullish position, as demonstrated by broad market sentiment of 23% towards such trends. Additionally, investors’ Fear & Greed Index currently remains at 72 (Greed), indicating positive market sentiment.

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