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Bybit Adds Support For Avalanche v1.15.0 Network Upgrade

TL;DR Bybit has confirmed support for Avalanche’s v1.15.0 network upgrade. The exchange is updating its Avalanche node infrastructure while keeping AVAX trading active. The announcement concerns network compatibility and exchange operations, not a change to AVAX supply or token economics. Bybit has confirmed that its Avalanche infrastructure will support the network’s v1.15.0 upgrade, giving AVAX users one less exchange-compatibility issue to worry about during the transition. The September 22 notice covers both AVAX and Avalanche C-Chain support. Exchange Nodes Need To Move With The Network When a blockchain ships a network upgrade, exchanges have to update the software that connects deposits, withdrawals and internal wallet systems to the chain. If they do not, customer transfers can stall even while spot trading remains available. Bybit says it is updating its validator and node infrastructure for the Avalanche v1.15.0 release while maintaining trading during the synchronization process. That makes this primarily an infrastructure story. Users are not being asked to migrate tokens, claim a new asset or swap AVAX into a different contract. The Upgrade Does Not Change AVAX Tokenomics The Bybit notice is also useful for what it does not say. There is no token redenomination, supply-cap change or new asset created as part of the exchange support process. The work is about keeping Bybit’s backend aligned with the upgraded Avalanche network. For users, that should translate into continued exchange support once node synchronization is complete. For Avalanche, exchange adoption of a network release is one of the quieter but necessary steps in moving new software into production at scale. This article was written by the News Desk and edited by Samuel Rae.

NewsBTCNewsBTCNewsBTC Editorial Team4h ago
  • neutral toward Bybit · 99%

New York Life Takes High-Yield Bond Strategy Onchain With Centrifuge

TL;DR New York Life Investment Management is working with Centrifuge to tokenize a US high-yield corporate bond strategy. The product is being built on Avalanche with USDC subscriptions and redemptions. Access is restricted to qualified institutional buyers. New York Life Investment Management is taking one of its fixed-income strategies onchain through a partnership with Centrifuge. The firms announced plans to tokenize a US high-yield corporate bond strategy on Avalanche, with qualified institutional buyers able to subscribe and redeem using USDC. A Traditional Bond Strategy Gets Blockchain Rails The underlying idea is not to turn high-yield bonds into a retail crypto product. Instead, Centrifuge is providing tokenization infrastructure around an institutional investment strategy managed by NYLIM, which oversees more than $300 billion in assets. Using Avalanche gives the product a blockchain settlement and ownership layer, while USDC provides a digital-dollar mechanism for subscriptions and redemptions. For institutions, that can simplify some of the operational movement between cash and fund interests, particularly in markets where tokenized products are being built to operate outside traditional settlement windows. Institutional Access Remains Restricted The product is not being opened broadly to the public. The announcement specifically frames access around qualified institutional buyers, which is an important limitation when evaluating how far the tokenization reaches. What is significant is the type of asset moving onchain. Tokenized Treasury products have already become one of the clearest areas of institutional blockchain adoption. High-yield corporate bonds bring a different risk and return profile into the same infrastructure trend. With NYLIM and Centrifuge, the tokenization story is moving further into actively managed credit strategies rather than remaining centered only on cash-like government debt. The September 17 announcement therefore adds another established asset manager to the group testing how conventional investment products can be issued and serviced through public blockchain rails. This article was written by the News Desk and edited by Samuel Rae. Source: Primary Source

NewsBTCNewsBTCNewsBTC Editorial Team22 Sept
  • neutral toward MicroStrategy · 99%

ICE Considers Avalanche to Launch NYSE Tokenized Trading Engine

Michael Blaugrund, Vice President of Strategic Initiatives at ICE, the parent company of NYSE, stated that the company was considering Avalanche to host the trading and on-chain settlement platform currently under development to enable 24/7 trading of tokenized securities. NYSE Might Implement Tokenized Trading Solutions On Top of Avalanche The New York Stock Exchange (NYSE) […]

Bitcoin.com NewsBitcoin.com NewsSergio Goschenko18 Sept