ParaFi Capital · 227

Tokenization platform Tradable plans to migrate up to $1 billion in private credit assets from zkSync to Stellar

Comparatively, according to The Block, the tokenization platform Tradable, invested by ParaFi Capital, plans to migrate private credit assets of up to 1 billion US dollars from Ethereum's second-tier zkSync to public chain Stellar. Established in 2024, Tradable provides on-chain infrastructure such as full life cycle management of private equity credit, compliance control, and investor account opening. Last year, it tokenized approximately US$1.7 billion and nearly 30 institutional-level private equity positions on zkSync. The migration aims to provide traditional asset managers with high-quality on-chain private equity investment opportunities by leveraging Stellar's user base and compliance and privacy characteristics in the field of institutional tokenization. Stellar has previously hosted RWA products and stablecoin pilots such as Franklin Templeton, WisdomTree, Ondo Finance, Figure, etc. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

38d agoburnking

Avalanche Treasury fell 16% on the first day of listing, putting pressure on the crypto asset vault concept

According to Twitter news, Avalanche Treasury Company was officially listed on NASDAQ under the code AVAT on Thursday, but it experienced a sell-off on the first day of trading. The stock price fell 16% from the opening session to close at $1.85. The company completed the listing transaction through a merger with SPAC Mountain Lake Acquisition, with an overall transaction size of approximately US$675 million, and received support from institutions such as Dragonfly, Pantera, ParaFi Capital, VanEck, Galaxy Digital, and Kraken. Avalanche Treasury holds approximately 15 million AVAX tokens and aims to provide investors with exposure to participate in the Avalanche ecosystem without directly holding coins. Company CEO Bart Smith said the strategy was not a direct bet on price, but rather a long-term investment in the potential for institutional financial restructuring. Although the Avalanche ecosystem has attracted more than 550 projects and more than $1 billion in institutional funding since its launch in 2020, its native token, AVAX, has been under significant pressure recently, and the price has fallen back to a five-year low. According to market data, AVAT's first-day performance continued the general trend of weak cryptographic digital asset vault (DAT) companies. Previously, relevant listed entities such as Strategy, Bitmine, and SOL Strategies all experienced significant pullbacks, reflecting continued valuation pressure on this type of asset in the crypto bear market environment.

71d ago

Blockworks completed Series A expansion financing with a valuation of US$192 million, led by ParaFi Capital and others

In comparison, Blockworks announced the completion of the A round of expansion financing, with a post-investment valuation of US$192 million. This round of financing was co-led by ParaFi Capital and Reciprocal Ventures, and was supported by many institutions and industry participants such as Coinbase Ventures and MoonPay Ventures. The financing also attracted more than 20 founders and operators from ecological projects such as Solana, LayerZero, Arbitrum, and Kraken. The company said that the crypto market has grown to a trillion dollars without traditional capital market infrastructure, but there are still problems such as scattered data, inconsistent disclosure, and lack of investor communication mechanisms. Blockworks is trying to fill this gap through the “data+disclosure+investor relationship” trinity architecture. (CNBC) Article sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

115d agoburnking#financing

Pantera and other investors push Satsuma to sell $50 million in Bitcoin reserves

In comparison, investors such as Pantera Capital Management are pushing for British Bitcoin reserve company Satsuma to sell its $50 million worth of Bitcoin reserves. Satsuma switched to an “AI-driven” Bitcoin reserve strategy in August 2025 and successfully raised £164 million (approximately US$221 million) through convertible loan notes, led by ParaFi Capital. Pantera, Digital Currency Group (DCG), Kraken, and Arrington Capital also participated in this financing. According to reports, Satsuma confirmed that some shareholders “requested capital return,” but did not disclose the specific shareholders' identities. Satsuma Executive Chairman Ranald McGregor-Smith said in an emailed statement that the company is exploring options to facilitate these requests while protecting the interests of all shareholders. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

121d agoburnking

Aave DAO Approves Aave Labs $25 Million Grant Proposal

Comparatively, Aave DAO passed Aave Labs' first binding Aave Will Win framework proposal on Sunday. The proposal received 522,780 AAVE's support and 175,310 AAVE's opposition, with an approval rating of around 75%. According to the voting results, Aave Labs will receive $25 million in stablecoin grants, including an instant quota of 5 million AethLiDOGHO and a total of 20 million AethLiDOGHO stream payments distributed over 6 and 12 months. Additionally, Aave DAO will allocate 75,000 AAVE (approximately $6.8 million) from the ecosystem's reserves to be linearly unlocked within 48 months. The Aave Chan Initiative cast 166,200 votes against AAVE. ParaFi Capital's address (190,000 AAVE), luggis.eth (123,580 AAVE), etc. voted in favor. Funding execution is scheduled for Monday afternoon, when funds will begin to flow to the Aave Labs control address.

131d ago

Blockchain Capital deposits 21.6 million AAVes into CEX with potential profit of nearly $8 million

According to EmberCN monitoring, investment agency ParaFi Capital sold AAVE in exchange for SKY a week ago; today, the investment agency Blockchain Capital also cleared all 216,000 AAVE (US$24.8 million) and transferred it to Coinbase Prime. Address: 0x3744DA57184575064838BBC87A0FC791F5E39EA2Blockchain Capital has held AAVE for a long time and was the largest AAVE holding institution for a long time. They amassed a cumulative stock of 233,000 AAVE between 2020/10-2023/3, at an average price of $94. December 2024 price When AAVE was at its highest price, they sold 16,900 units ($5.04 million) through FalconX, and the rest went to Coinbase Prime today. If sold, their combined profit on AAVE would be almost $7.9 million.

161d ago