Bitcoin Miner Marathon’s Anduro Introduces Tokenization Platform

Anduro, the multi-chain layer-2 network developed by mining firm Marathon Digital Holdings (MARA), has developed a platform for moving and investing real-world assets (RWAs) on Bitcoin.

According to an announcement shared exclusively with CoinDesk, the Avant platform, developed in collaboration with tokenization specialist Vertalo, will launch as a pilot project to tokenize whiskey barrels.

Tokenization refers to the digital representation of RWAs as tokens that can be traded on blockchains. For example, tokenized Treasury bills traded on networks like Ethereum and Solana surpassed $2 billion in market value in August.

“Traditional and decentralized finance continue to converge. We believe our partnership with Anduro will provide comfort that the durability of the Bitcoin blockchain extends beyond BTC and into real-world assets,” said Dave Hendricks, co-founder of Vertalo.

According to Anduro’s statement, the company wants to avoid reusing existing RWA strategies on the Ethereum and Solana blockchains, instead offering something “that a bitcoin investor will understand.”

“A bitcoiner who wants tokenized Treasury bills can easily access them through Ondo Finance. Why create a competitor to Ondo Finance? We see a nice opportunity in traditional industries like American whiskey.”