AVAX above $11: NYLIM tokenized bond fund on Avalanche and Helicon upgrade
- —AVAX at $11.20: up 16.2% in a day, 51.1% in a week, 48.6% in a month
- —The HYB fund from NYLIM ($807 billion under management) is available only to professional investors outside the US under Reg S
- —Paxos added AVAX and USDC on Avalanche to its regulated infrastructure
- —The September 22 Helicon upgrade will cut the staking lock-up from 336 to 48 hours
Why it matters: A wave of institutional RWA products and a shorter staking lock-up strengthen demand for AVAX and the network's appeal to Wall Street.
Source: CryptoTicker