Oasis Pro, a global fintech infrastructure provider, has partnered with Rise & Shine Partners, a digital assets and blockchain technology-focused investment firm, to launch a Fund aimed at capitalizing on the growth of the Avalanche network.
The Fund will invest in the network’s infrastructure, as well as its applications, through direct staking support.
The Fund, tagged R&S Avalanche Infrastructure Fund, will be used to build a diversified portfolio of assets and applications operating on or integrated with the Avalanche blockchain. The plans include acquiring Avalanche network assets, including the native AVAX token, and engaging in staking activities to earn rewards from various Layer 1 protocols within the ecosystem.
The Rise & Shine Partners team noted that the Avalanche network’s attributes, like low fees, security, and sub-second transaction finality, make it an attractive platform for blockchain projects. The firm noted that its increased utilization across various sectors such as DeFi, gaming, enterprise, and institutional domains is a testament to that.
The partnership between both institutions will leverage Oasis Pro’s expertise in digital securities and blockchain technology and offer investors a streamlined way to participate in the Avalanche blockchain network and ecosystem. Oasis Pro Markets, a subsidiary of Oasis Pro, will serve as the Fund’s placement agent.
Pat LaVecchia, CEO of Oasis Pro, expressed enthusiasm about the partnership, stating,
“We are thrilled to collaborate with Rise & Shine Partners to launch the R&S Avalanche Infrastructure Fund. By combining our expertise in digital securities with R&S Partners’ investment acumen and Avalanche’s innovative blockchain platform, we aim to provide investors with a compelling opportunity to engage with the Avalanche ecosystem.”
In a similar development, Ripple has also launched the XRPL Japan and Korea Fund to foster innovation on the XRP Ledger (XRPL) in Japan and South Korea. This Fund, which signals Ripple’s commitment to prioritize the adoption of its crypto payment services in the Asia-Pacific region, highlights its belief in Japan and Korea’s potential as key hubs for blockchain innovation.
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