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- Avalanche says it’s becoming the default platform for institutional blockchain applications across asset managers, banks and governments.
- Some of the notable names building on its network include Visa, Rain, the State of Wyoming, JPMorgan, BlackRock, Franklin Templeton and Citi.
The institutions are here, and more are on the way. This is according to Avalanche, which, in a recent article, broke down what has made its network a default platform for institutions building solutions onchain.
— Avalanche🔺 (@avax) January 28, 2026
Over the past few years, blockchain technology has gone mainstream and most of the world’s largest organization are working on pilots or have deployed products. While Ethereum and Solana have received a lot of the attention, Avalanche has been quietly racking up an impressive portfolio of users, spanning some of the world’s largest and most influential banks, asset managers and state and federal governments.
The network noted:
Avalanche is becoming the default platform for much of this institutional activity. spanning from payments, FX, stablecoins, tokenized funds, private credit, and capital markets infrastructure, with participation from global financial institutions and public sector entities.
One of the sectors seeing the most rapid adoption is stablecoins, and the network is making its mark. Last July, Visa expanded its stablecoin settlement support to add Avalanche. The two had partnered earlier in the year, as we reported, with the launch of the Visa-powered Avalanche card which allows holders to spend their crypto at over 150 million merchants that accept Visa globally.
Another defining stablecoin venture was StraitsX, whose Singapore dollar-backed XSGD stablecoin has been supporting cross-border payments across Southeast Asia, settling on the Avalanche blockchain. Korean-based Woori Bank also launched KRW1, the first stablecoin backed by Korean won, also on the network, as we reported.
BlackRock, JPMorgan, KKR Building on Avalanche
Avalanche has also been dominant in the tokenization space. Some of the largest companies in the space have expanded to the network, with BlackRock’s BUIDL a highlight. The $1.7 billion tokenized fund launched initially on Ethereum but it has since expanded to Avalanche where it now holds over $143 million in assets.
Franklin Templeton’s BENJI, VanEck’s VBILL and multiple tokenized funds by WisdomTree are also available on the network.
Other global giants like SkyBridge Capital, ParaFi and $1.3 trillion investment firm KKR have also deployed portions of major investment funds on Avalanche.
The network further revealed that some of the largest banks are exploring onchain products. Currently, JPMorgan, Citi and Australia’s ANZ are building applications that span forex trading, digital identity, privacy, fund issuance and cross-chain settlement on the network.
More deployments are on the pipeline. As we reported, the network announced a partnership with IP creation platform Mugafi that would bring over $1 billion worth of IP value to the network.
AVAX is benefitting from the increased adoption. This week, the token debuted on Nasdaq in its first US ETF listing by VanEck, as CNF detailed.
Despite the adoption wave, AVAX is still under the control of the bears, dipping 2.4% in the past day to trade at $11.8. In the past three months, it has dropped by 35%.
