Avalanche Surges 26% After Announcing JPMorgan Collaboration on RWA Expansion

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The Avalanche (AVAX) ecosystem witnessed a major market uplift on November 16, with AVAX briefly touching $24 and recording a 24-hour surge of 26.2%, according to CoinGecko. The momentum extended further, with a 7-day gain of 77.5% and a 30-day increase of 152.1%. At the time of writing, AVAX was trading at $23.65, reflecting strong investor confidence following a high-profile institutional collaboration.

This rally coincided directly with Avalanche’s official announcement on November 15: a strategic partnership involving JPMorgan’s Onyx digital assets platform and asset manager Apollo, as part of the Monetary Authority of Singapore’s (MAS) Project Guardian initiative.

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Avalanche and JPMorgan Join Forces in Project Guardian

On November 15, Avalanche revealed that JPMorgan’s Onyx platform and Apollo have launched a proof-of-concept (PoC) under Project Guardian, MAS’s flagship program to explore tokenized financial markets. This collaboration aims to demonstrate how blockchain technology can enhance asset management, particularly through tokenized fund subscriptions and redemptions.

The integration leverages LayerZero, a cross-chain interoperability protocol, to connect Onyx with Avalanche Evergreen, a permissioned subnet specifically designed for institutional blockchain deployments on the Avalanche network. The PoC utilizes Wisdom Tree Prime’s tokenized asset application to facilitate seamless fund operations.

John Wu, President of Ava Labs, emphasized the strategic alignment:

“This initiative under Project Guardian fundamentally aligns with Ava Labs’ mission—to provide the tools and technology to digitize and tokenize global assets, leveraging Avalanche’s speed, scalability, and customizability. We’re honored to collaborate with industry leaders pushing the future of finance.”

Emin Gün Sirer, Founder and CEO of Ava Labs, called the development “a major milestone for Avalanche,” highlighting its growing role in institutional decentralized finance (DeFi).

Avalanche Ecosystem Tokens Soar Amid Institutional Momentum

The news catalyzed a broad rally across Avalanche-based tokens. According to CoinGecko, several ecosystem assets posted impressive gains over a seven-day window:

These gains underscore growing market sentiment that Avalanche is emerging as a preferred blockchain for real-world asset (RWA) tokenization—especially as it attracts top-tier financial institutions.

Avalanche’s RWA Strategy: Building the Future of On-Chain Finance

The JPMorgan-Apollo collaboration is not an isolated event—it’s a pivotal component of Avalanche’s broader RWA strategy. By connecting its institutional-grade subnet, Avalanche Evergreen, to Onyx, Avalanche reinforces its position as a leading infrastructure provider for tokenized traditional finance (TradFi) assets.

Avalanche Evergreen subnets, such as Spruce, are purpose-built to onboard financial institutions into DeFi. Initially focusing on core services like foreign exchange and swaps, the network plans to expand into broader asset classes—including equities, bonds, and private credit—over time.

To accelerate adoption, Avalanche launched Avalanche Vista, a $50 million fund dedicated to purchasing tokenized real-world assets issued on its blockchain. This initiative signals strong commitment to liquidity and long-term growth in the RWA sector.

Notable institutional interest includes:

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Avalanche Evergreen: The Institutional Gateway

Launched in April 2025, Avalanche Evergreen is a suite of enterprise-grade tools enabling financial institutions to deploy private, permissioned subnets for production-ready blockchain use cases. These subnets allow institutions to operate within controlled environments—interacting only with vetted counterparties—while retaining full interoperability with other Avalanche subnets via Avalanche Warp Messaging (AWM).

In July 2025, Evergreen integrated with RedStone, a DeFi oracle provider, to supply reliable financial data to dApps on the Spruce testnet. This integration enables traditional financial players to securely interact with OnFi (On-Chain Finance) applications—bridging legacy systems with next-generation blockchain infrastructure.

Onyx: JPMorgan’s Blockchain Powerhouse

JPMorgan’s Onyx division is at the forefront of institutional blockchain innovation. Established in October 2020 and officially launched in October 2022, Onyx oversees JPMorgan’s blockchain and digital currency initiatives.

Key achievements include:

Tyrone Lobban, Head of Onyx Digital Assets, commented on the collaboration:

“Our work under Project Guardian highlights significant opportunities in asset and wealth management. By harnessing blockchain technology, we’re demonstrating how discretionary investment portfolios can be built and managed more efficiently.”

Onyx also announced a parallel partnership with Axelar on the same day, using its cross-chain messaging to achieve interoperability with the Provenance Blockchain, which currently secures $9 billion in RWA value.

Project Guardian: Singapore’s Vision for Tokenized Finance

Project Guardian, led by MAS, is a cornerstone of Singapore’s strategy to become a global hub for digital asset innovation. The initiative brings together 17 leading financial institutions—including DBS Bank, HSBC, UBS, Swift, Chainlink, and LayerZero—to pilot tokenized asset use cases across the capital markets value chain.

Recent expansions focus on scaling tokenization across:

Five industry pilots are already underway, testing applications in fund management, interbank settlements, and cross-border payments. The goal is to unlock liquidity, democratize access to investment products, and enhance market efficiency through programmable finance.

Frequently Asked Questions (FAQ)

Q: What is Avalanche Evergreen?
A: Avalanche Evergreen is a set of permissioned subnets designed for financial institutions. It allows enterprises to build secure, compliant blockchain applications while maintaining interoperability with the broader Avalanche ecosystem.

Q: Why is the JPMorgan-Avalanche partnership significant?
A: It marks one of the most advanced integrations between a top-tier Wall Street bank and a public blockchain. It validates Avalanche as a scalable, enterprise-ready platform for real-world asset tokenization.

Q: What is Project Guardian?
A: A MAS-led initiative exploring the potential of blockchain for financial market innovation. It brings together global banks and fintech firms to test tokenized asset use cases in a regulated environment.

Q: How does RWA tokenization benefit investors?
A: It increases liquidity, reduces settlement times, lowers transaction costs, and opens access to previously illiquid assets like private equity or real estate through fractional ownership.

Q: What role does LayerZero play in this collaboration?
A: LayerZero enables cross-chain communication between JPMorgan’s Onyx platform and Avalanche Evergreen, ensuring seamless data and asset transfer across separate blockchain environments.

Q: Is AVAX a good investment after this news?
A: While past performance doesn’t guarantee future results, the surge reflects strong fundamentals—increased institutional adoption, ecosystem growth, and strategic positioning in the booming RWA sector.

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Core Keywords

The convergence of Wall Street expertise and decentralized infrastructure signals a transformative shift in finance. As Avalanche continues to expand its institutional footprint through strategic partnerships and dedicated RWA initiatives, it positions itself not just as a blockchain platform—but as a foundational layer for the next generation of global finance.