On October 7, COINOTAG reported that Anduro, a multi-chain L2 network supported by the mining giant Marathon Digital Holdings (MARA), has partnered with tokenization platform Vertalo to introduce Avant. This innovative project aims to facilitate the issuance and investment in real-world assets (RWA) directly on the Bitcoin blockchain. As a pilot initiative, they plan to tokenize whiskey barrels, marking a significant foray into asset-backed tokens within the cryptocurrency ecosystem.
Anduro’s approach seeks to eschew the existing RWA methodologies prevalent on competing platforms like Ethereum and Solana. Instead, their strategy focuses on optimizing the Bitcoin network for these transactions, thereby enhancing the utility of Bitcoin in asset tokenization. Furthermore, Marathon’s backing of Anduro is indicative of a broader trend where mining firms are exploring alternative revenue streams to mitigate the impending effects of block reward halvings that occur every four years.