KKR & Co Inc. Tokenizes Its Health Growth Fund On Avalanche Crypto

The Kohlberg Kravis Roberts & Co, known as KKR Inc, is an American-based global investment company, KKR & Co has long been managing multiple assets and is now eyeing crypto assets. The class of assets managed by this firm cut across real estate, energy infrastructure, private equity, credit, and Hedge funds.

Timeline of Avalanche

AVAX had time to recoup from June to July and then in August, the token slipped and formed a bullish cup and handle pattern. AVAX intraday trading volume indicates a 38.7% plunge Avalanche sellers successfully reclaimes the 20-day EMA slope Trading volume skyrockets to 487 million Now, the pattern which can be spotted at the market bottom will serve as a feasible launchpad for the crypto's recovery but in order to complete the pattern, the coin price should barrel past the $30.6 key resistance.

The CEO of Avalanche [AVAX] Labs, Emin Gün Sirer, made an important announcement on 14 September. KKR, a leading global investment firm, joined hands with Avalanche with $417 billion in assets under management (AUM).

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The previous trading day saw heavy losses across the board for both equities and crypto.

A V-top reversal from $30.5 resistance tumbled the Avalanche coin price to 0.786 Fibonacci retracement level at $18.2. The coin buyers obtained suitable floating at this level and triggered a 22% rally to $21.88.

Avalanche price analysis for today shows that the AVAX/USD pair has fallen to a new low of $19.64 after a bearish drive. The market has found support at $19.62 but the bulls have not been able to push the price higher.

Securitize, a digital securities platform enabling both primary issuance as well as secondary trading, has announced a new tokenized asset that provides investors with exposure to a fund created by KKR. KKR is a fabled buy-out firm and asset management company.

Securitize, a pioneer in the digital asset securities industry, today announced the establishment of a fund on the Avalanche public blockchain that will give its clients tokenized exposure to KKR's Health Care Strategic Growth Fund II (“HCSG II”). For the first time in the United States, investors can get access to one of KKR's alternative investment strategies through a tokenized fund (the “Fund”) issued by Securitize.

The move will expand individual investors' access to private investment vehicles. The post KKR experiments with listing private equity investments on Avalanche: WSJ appeared first on The Block.

Avalanche (AVAX) has recently spiked by as much as 11% in the past seven days, surpassing other leading cryptocurrencies.         August shows a whopping 46 million transactions made on the Avalanche network         Avalanche network busy with major developments and integrations         4-hour chart for AVAX shows bullish movement It is presumed that the recent developments on the Avalanche network helped immensely with the gains of AVAX.

AVAX recently outperformed several top cryptos by registering a hike of nearly 10% over 7 days. While the price surged, several interesting developments happened on the network, all of which might have played a role in the alt's uptrend.