
03:40 ETFosun Wealth Holdings' FinChain has reached a deep strategic cooperation with Avalanche.

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FinChain, a blockchain finance platform under Fosun Wealth Holdings, has partnered with Avalanche to enhance blockchain financial innovation in Asia. They will launch FUSD, Asia's first yield-bearing RWA stable token, backed by real-world financial assets. This initiative aims to bridge traditional financial assets with the crypto-financial world, providing liquidity management tools for institutional users. The collaboration is expected to unlock significant financial channels and drive innovation in asset tokenization and DeFi applications, positioning FUSD as a foundational asset across major blockchain networks.
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