Fosun Wealth Holdings' FinChain has reached a deep strategic cooperation with Avalanche.
FinChain to Integrate the Avalanche Network, Targeting the Development of RWA Tokenization for Traditional Financial Assets in
FinChain announced the official launch today of
On
"FUSD aims to serve as a bridge connecting Web2 standardized financial assets with the Web3 crypto-financial world," said
Avalanche, known for its high performance and compliance-friendly architecture, has become the preferred blockchain infrastructure for global financial institutions and enterprise use cases. Through its integration with FinChain, Avalanche will support the circulation and adoption of FUSD by financial institutions within its e ecosystem, highlighting its confidence in expanding real, compliant assets through globally regulated financial assets.
"Through FUSD, we will provide real financial assets in
As a leading financial blockchain platform, FinChain will work closely with Avalanche to build a robust on-chain ecosystem for standardized financial assets across
About Avalanche
Avalanche is an ultra-fast, low-latency blockchain platform designed for builders who need high performance at scale. The network's architecture allows for the creation of sovereign, efficient and fully interoperable public and private layer 1 (L1) blockchains which leverage the Avalanche Consensus Mechanism to achieve high throughput and near-instant transaction finality. The ease and speed of launching an L1, and the breadth of architectural customization choices, make Avalanche the perfect environment for a composable multi-chain future.
Supported by a global community of developers and validators, Avalanche offers a fast, low-cost environment for building decentralized applications (dApps). With its combination of speed, flexibility, and scalability, Avalanche is the platform of choice for innovators pushing the boundaries of blockchain technology.
About FinChain
FinChain is a Web3 brand incubated by Fosun Wealth Holdings, dedicated to building a global real-world financial blockchain network. FinChain collaborates with major public blockchains worldwide to construct decentralized, compliant layers and develop a unified on-chain identity system. Its mission is to expand cross-border liquidity reserves for financial institutions and stablecoin issuers, while providing compliant decentralized infrastructure for fintech developers globally.
By fostering on-chain trust mechanisms, enhancing transparency of financial assets, and improving financing and investment efficiency, FinChain is committed to building a compliant, decentralized financial ecosystem for the future.
View original content:https://www.prnewswire.com/news-releases/fosun-wealth-holdings-finchain-has-reached-a-deep-strategic-cooperation-with-avalanche-302683507.html
SOURCE Finchain Holdings (Cayman) Limited
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