Wu said that Grayscale Investments announced the launch of Grayscale Avalanche Trust, a single-asset crypto investment fund open to qualified accredited investors. The fund aims to provide investors with exposure to Avalanche (AVAX), a three-chain smart contract platform focused on scalability, network security and decentralization. Rayhaneh Sharif-Askary, head of product and research at Grayscale, said that Avalanche plays a key role in the tokenization of real-world assets (RWA), and the trust is currently open for daily subscriptions.