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Digital asset management firm ParaFi Capital to tokenize 1.20 billion dollar fund

On September 13th, digital asset management company ParaFi Capital announced that it will tokenize a portion of its $1.20 billion portfolio on the Avalanche blockchain through the Securitize platform. This is the company's first attempt at fund tokenization, providing a portion of its latest venture capital fund. Through tokenization, investors can buy and sell these tokenized shares on a digital platform.