Core Insights - ULTRA, Avalanche's tokenized U.S. Treasury fund, aims to enhance the usability of digital dollars by converting traditional U.S. Treasury securities into digital tokens for easier trading and settlement [1] - The stablecoin market, valued at approximately $280 billion, has set a precedent for tokenized assets, prompting asset managers to seek money market exposure [2] - A favorable regulatory environment, including the GENIUS Act, has accelerated interest in digital asset strategies among enterprises and institutions, leading to a sense of urgency in the market [3] Tokenization and Institutional Adoption - Recent institutional investments in tokenized assets on Avalanche, such as SkyBridge's deployment of around $300 million, highlight the growing trend of moving funds on-chain [4] - Asset managers are increasingly inclined to tokenize assets on public networks, which reduces operational friction and allows for lower investment minimums, thereby broadening the investor base [5] - Grove Finance's deployment of $250 million in real-world assets on Avalanche indicates a strategic preference for Avalanche over Ethereum, attributed to its unique infrastructure that supports interoperability [6]

Tokenization & On-Chain Finance - Libeara 和 FundBridge Capital 在 Avalanche 上推出 ULTRA，这是一个完全代币化的美国国债策略[1] - ULTRA 将受监管的机构级国债风险敞口完全引入链上，结合了合规性、规模和效率[1] Platform & Technology - Avalanche 是资本以机构规模连接代币化基金的平台[1]