💡 Mining company Marathon Digital, through its subsidiary Anduro, has announced the launch of a new pilot project to tokenize whiskey barrels, entering the Real-World Assets (RWA) market. The project, named Avant, was developed in partnership with the Vertalo platform and aims to create digital tokens representing real assets, such as whiskey, on the Bitcoin blockchain.
Unlike tokenization on Ethereum or Solana blockchains, the Avant project is focused on expanding Bitcoin’s use for real assets, making it more suitable for traditional, enduring industries such as whiskey production. Anduro seeks to demonstrate that Bitcoin can be used not only as a store of value but also as a base for tokenized assets.
🔵 Anduro’s initiative is also part of a broader trend among mining companies looking for new sources of revenue as Bitcoin mining rewards decrease every four years. Marathon’s support demonstrates a commitment to finding alternative sources of fee income and increasing the applicability of Bitcoin as a tool for working with real-world assets.
🚀 Meanwhile, Visa also introduced its platform for real-world asset tokenization last week, highlighting the growing interest in this segment among major market players. Bitcoin is now being considered not only as a cryptocurrency but also as a platform for issuing digital assets that have real value and can attract the interest of institutional investors.
🔗 Read more about this project here: Marathon Digital’s Anduro Launches Bitcoin-Based Tokenization of Real-World Assets
