Intain Launches Avalanche Subnet For Multi-Trillion Dollar Securitized Finance Market

Key Points:

• Intain Inc., a leading structured finance platform, has launched IntainMARKETS, a marketplace for tokenized asset-backed securities built as an Avalanche Subnet.
• The platform aims to make typical financial instrument investments involving numerous parties more secure, transparent, and cost-effective.

The platform for structured finance and administration Intain has established an Avalanche subnet for the on-chain issuance and trade of asset-backed securities.

IntainMarkets is seeking to simplify the complex structure of financial instruments, making them more transparent, secure, and cost-effective. In today’s structured finance industry, numerous parties must interact and trust one another.

The platform brings all of these parties onto its platform and permits asset tokenization and investment without relying on third-party trust.

Attempts by the blockchain industry thus far have focused on tokenization. Tokenization itself neither addresses the need of transparency nor efficiency.

said founder and CEO of Intain Siddhartha

Because of its flexibility, Intain chose to create its new platform on an Avalanche subnet, a blockchain built on top of the Avalanche network. Intain needed to create a permissioned network that met regulatory requirements.

Subnets are blockchains that exist independently of the main Avalanche network. Intain’s subnet’s economics is not based on the public Avalanche blockchain, which means that transactions and security are not dependent on Avalanche or other subnets.

We’re grateful for the support from financial institutions who are our current partners and encouraged by the response from notable issuers and investors in the industry. The commitment of Ava Labs and the wider Avalanche ecosystem who share our vision of fully compliant blockchain-enabled systems for financial services, has been critical to the launch of IntainMARKETS, not based on the public Avalanche blockchain, which means that transactions and security are not dependent on Avalanche or other subnets.

added Siddhartha

Validators, who are network participants that validate blockchain transactions, must be verified US residents.

According to Jon Wu, Avalanche’s President of Business Development, Intain is the first structured finance platform to attempt tokenization, issuance, and investment facilitation on a single platform. Additionally, he said that Avalanche’s business growth focus is on bringing traditional financial assets on-chain.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Thana

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