Avalon Labs says it is discovering the possibility of filing the public fund of the first bitcoin-supported loan of the industry alliance with SEC rules.
After the world’s first bitcoin (BTC) -Back Stabelcoin issues to USDA, Avalon Labs wants to expand its suits of financial products given to BTC.
On 12 February, Evelyon recently announced Post It is currently evaluating the possibility of filing the first bitcoin-supported public loan fund of the industry under the US Securities and Exchange Commission Regulation one structure.
SEC Regulation A Framework is a securities discount that enables companies to raise capital from credit and non-recognized investors through a public offering without following a full SEC registration. As a result, regulation A is often compared to “mini-IPO” and is widely used by fund managers, real estate investment trusts and private companies to enter the market.
By setting up the first bitcoin-supported public debt fund, Avallon Labs hopes that the difference between the traditional finance and the Crypto industry is expected to bridge, which paves the way for new opportunities to expand on bitcoin-supported financial products.
https://twitter.com/avalonfinance_/status/1889570311073019
Venus Lee, co-founder of Avalon Labs, said in a statement that Avalon Labs has done research over the years how regulation A is applied in traditional finance and how it can be used within the Crypto region.
Lee said in a press release, “Successful examples in the Crypto industry are limited, our analysis of previous SEC-innovative cases suggests a viable route.”
In 2021, Lee successfully obtained approval from SEC for a Public Debt Fund.
If successfully implemented, a bitcoin-supported public fund can become a milestone for the crypto industry, as it can attract more traditional investors in putting its money in bitcoin in bitcoin, while while wearing it Bitcoin-supported financial products increase the adoption of mainstream.
Avallon Labs is an on-chain financial center for bitcoin, which offers users a variety of crypto-centric products including BTC-supported borrowings, a bitcoin-supported stabilcoin, yield-generating account and a credit card.
As data From the Defee Lama, Avlon’s bitcoin-supported stabechoin, in USDA, is a market cap of over $ 254 million.
