AVAX gained 5.9% to reach $7.175 on August 20, finally breaking through the $7 resistance level that had capped its August recovery. The value of tokenized financial assets on Avalanche has exceeded $3 billion, up from $740 million last October. This growth includes $1.2 billion from Japan’s Progmat, the country’s largest security-token platform, along with $190 million on OpenTrade and $260 million through Grove Finance. Securitize is also developing a European platform using Avalanche to trade and settle tokenized securities across all 27 EU countries.
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