Bitcoin Miner Marathon's Anduro Unveils Tokenization Platform, Starts With Whiskey
Anduro, a multichain layer-2 network incubated by Marathon Digital Holdings, has created a platform for issuing and investing in real-world assets (RWAs) on Bitcoin. The platform, Avant, in collaboration with Vertalo, plans to pilot a project to tokenize whiskey barrels. Tokenization involves creating digital representations of RWAs as tradeable tokens on a blockchain. The market cap for tokenized Treasury notes on networks like Ethereum and Solana surpassed $2 billion in August. Anduro aims to provide a unique Bitcoin-focused approach to tokenization, distinguishing itself from existing solutions on Ethereum and Solana. Marathon's involvement reflects a trend of mining companies seeking new revenue sources due to the halving of block rewards every four years, which reduces miners' income by 50%.
