The builders on Avalanche
52 banks, asset managers, exchanges, issuers and public bodies building on Avalanche. Each name has its size, what it does on the chain and a dated primary source. Updated monthly.
As of October 23, 2026 · Verified by the MSB Intel desk · Avalanche data and desk notes →
Distributed tokenized RWAs on Avalanche
$1.58B
BlackRock BUIDL on Avalanche
$481.27M, #2 chain for the fund after Solana
Stablecoins on Avalanche
$841.46M market cap, 2.63M holders
Stablecoin transfer volume, 30 days
$20.24B
52 NAMES · 9 CATEGORIESDOWNLOAD THE MAP ⤓
Asset managers & funds
| Institution | Size | What they do on Avalanche | Date |
|---|---|---|---|
 BlackRock | $15.5T AUM (Sep 30, 2026) | Its tokenized money market fund BUIDL holds $481.27M on Avalanche, the fund's second-largest chain after Solana ($872.34M). | 2024-11 |
 Franklin Templeton | ~$1.79T AUM (Sep 30, 2026, preliminary) | Runs its tokenized U.S. government money fund BENJI on Avalanche, with $34.4M onchain there; a founding member of the Avalanche Payments Collective. | 2024-08 |
 Apollo | ~$1.05T AUM (Jun 30, 2026) | Its tokenized credit fund ACRED, issued with Securitize, has been live on Avalanche since launch, with $4.89M on the chain. | 2025-01 |
 Janus Henderson | $479.6B AUM (Mar 31, 2026) | Its Anemoy AAA CLO fund JAAA holds $263.29M on Avalanche, more than on any other chain; it also runs an Avalanche validator and owns equity in Tranched, an Avalanche credit platform with $300M onchain. | 2026-09-16 |
 New York Life Investment Management | $838B AUM (Jun 30, 2026) | Brought its first tokenized fund, HYB, a U.S. high-yield corporate bond strategy, to Avalanche through Centrifuge. | 2026-09-17 |
 Goldman Sachs Asset Management | $4.1T assets under supervision (Sep 30, 2026) | Its ~$105B Treasury fund FTIXX is offered to 30+ institutions on Lynq, a private Avalanche L1, through broker-dealer tZERO; the first outside fund on the network. | 2026-09-28 |
 KKR | ~$796B AUM (Jun 30, 2026) | A tokenized feeder into its Health Care Strategic Growth Fund II, issued by Securitize, holds $8.88M on Avalanche. | 2022-09 |
 WisdomTree | ~$174B AUM (Aug 31, 2026) | Offers its WisdomTree Connect tokenized funds on Avalanche, with $1.37M onchain there; a member of the Avalanche Payments Collective. | 2025-04 |
 VanEck (VBILL) | $237.4B AUM (Jun 30, 2026) | Its tokenized Treasury fund VBILL, issued with Securitize, launched on Avalanche among four chains and holds $0.71M there. | 2025-05 |
 Neuberger | ~$613B client assets (Jun 30, 2026) | Subadvises HINC, a Securitize-issued tokenized high-income bond fund that launched on Avalanche, Ethereum, Solana and Sui. | 2026-08-18 |
 SkyBridge Capital | ~$1.9B AUM (SEC Form ADV) | Tokenized two hedge funds on Avalanche with Tokeny and Apex Group; RWA.xyz counts $283.97M of SkyBridge assets on the chain. | 2025-08 |
 Galaxy | $7.1B AUM and assets under stake (Jun 30, 2026) | Issued and tokenized its first CLO, the $75M Galaxy CLO 2025-1, on Avalanche, anchored by a $50M allocation from Grove. | 2026-01-15 |
 Grove | ~$2.66B TVL across 16 allocations (Jul 2026) | Sky ecosystem credit allocator that targeted up to ~$250M of Avalanche RWAs, starting with Janus Henderson's JAAA, then added $50M to Galaxy's tokenized CLO. | 2025-07 |
Banks & payments
| Institution | Size | What they do on Avalanche | Date |
|---|---|---|---|
 Visa | $4T+ payments volume in the quarter to Jun 30, 2026 | Added Avalanche to its stablecoin settlement platform in July 2025, alongside Ethereum, Solana and Stellar. | 2025-07-31 |
| Hyundai Card | 12.78M members (H1 2026) | Pilot: sent $20,000 in USDT on Avalanche from Hyundai Motor America to Hyundai Motor Mexico in about seven minutes, against three to four hours by bank. | 2026-07-09 |
| SMBC | SMFG: ¥328.5T total assets (Mar 31, 2026) | MoU: Japan's SMBC is working with Ava Labs, Fireblocks and TIS on stablecoins for wholesale payments and settlement of tokenized assets. | 2025-04 |
| TIS | Processes ~50% of Japan's credit card transactions (per Ava Labs) | Deployed its Multi-Token Platform for regulated stablecoins, tokenized deposits and security tokens on Avalanche. | 2025-10-28 |
| NHN KCP | ₩51.5T (~$38B) transaction value (2025) | MoU: South Korea's payment processor is co-developing a payments-dedicated Avalanche L1 with Ava Labs, starting with a proof of concept. | 2026-04 |
 Tassat (Lynq) | $2.5T+ settled across Tassat-powered systems | Moved Lynq, its real-time settlement and collateral network used by 30+ institutions including B2C2, Crypto.com, FalconX, Galaxy and Wintermute, to a dedicated Avalanche L1. | 2026-04-29 |
 Rain | $1.95B valuation (Jan 2026); $3B+ annualized volume | Visa principal member that issues stablecoin cards on Avalanche, including the card for Wyoming's FRNT stablecoin. | 2025-08-18 |
| Axiym | $1.4B+ processed on Avalanche | Cross-border liquidity provider for licensed money service businesses in 150+ countries; ran the payments rail in Hyundai Card's USDT pilot. | 2026-06-18 |
ETFs
| Institution | Size | What they do on Avalanche | Date |
|---|---|---|---|
 Grayscale Avalanche Staking ETF (GAVA) | Grayscale: ~$35B AUM (Sep 30, 2025) | Nasdaq-listed AVAX ETF that stakes part of its holdings; Coinbase and Anchorage custody the AVAX. | 2026-03-12 |
| VanEck Avalanche ETF (VAVX) | VanEck: $237.4B AUM (Jun 30, 2026) | First U.S. spot AVAX ETF, listed on Nasdaq with staking. | 2026-01-26 |
 Bitwise Avalanche ETF (BAVA) | Bitwise: $11B+ client assets (2026) | NYSE Arca-listed AVAX ETF with staking; Coinbase custodies the AVAX. | 2026-04-15 |
 21Shares Avalanche Staking ETP (AVAX) | 21Shares: $5B+ AUM (2026) | Physically backed European ETP that holds and stakes AVAX, listed since November 2021. | 2021-11 |
Exchanges & custody
| Institution | Size | What they do on Avalanche | Date |
|---|---|---|---|
 Coinbase | $245.9B assets on platform (Jun 30, 2026) | Custodian of the AVAX held by Bitwise's BAVA (2.54M AVAX) and the primary custodian for Grayscale's GAVA. | 2026-06-30 |
 Anchorage Digital | OCC-chartered national trust bank | Became an AVAX custodian for Grayscale's GAVA on Sep 29, 2026, alongside primary custodian Coinbase; a member of the Avalanche Payments Collective. | 2026-09-29 |
 Kraken | 6.6M funded accounts; $40B assets on platform (Jun 30, 2026) | Founding member of the Avalanche Payments Collective, the 28-member group building payment infrastructure on Avalanche. | 2026-06-18 |
 Charles Schwab | $13.41T client assets (Aug 31, 2026) | Planned: will add AVAX trading to Schwab Crypto alongside Solana and Chainlink; CEO Rick Wurster set a year-end 2026 target. | 2026-08-27 |
Stablecoins & tokenized cash
| Institution | Size | What they do on Avalanche | Date |
|---|---|---|---|
 Circle (USDC, EURC) | $70.37B USDC outstanding (Oct 23, 2026) | Issues USDC and EURC natively on Avalanche: $401.25M USDC and $5.39M EURC on the chain. | 2023-05 |
 Tether (USDT) | $181.82B USDT outstanding (Oct 23, 2026) | Issues USDT natively on Avalanche, with $294.12M on the chain; supplied the USDT for Hyundai Card's pilot. | 2026-07-09 |
 Ethena | $4.63B USDe outstanding (Oct 23, 2026) | Built Ethena Pay, its digital-dollar money app launched in beta in 48 countries, exclusively on Avalanche. | 2026-09-01 |
 StraitsX | MAS-licensed Major Payment Institution | Runs a dedicated Avalanche L1 to settle its XSGD and XUSD stablecoins; it carries KBank's live Thailand-Singapore Q Wallet payments at GrabPay merchants. | 2026-04 |
 Agora (AUSD) | $187.44M AUSD outstanding (Oct 23, 2026) | Issues its AUSD digital dollar on Avalanche, with $3.29M on the chain; a member of the Avalanche Payments Collective. | 2024-08 |
Tokenized assets & RWA platforms
| Institution | Size | What they do on Avalanche | Date |
|---|---|---|---|
 Securitize | $4.30B tokenized assets (RWA.xyz, Oct 23, 2026) | Largest RWA issuer on Avalanche by distributed value: $726.15M across 8 assets, including BlackRock's BUIDL, Apollo's ACRED and VanEck's VBILL. | 2026-10-23 |
 Centrifuge | $994.53M tokenized assets (RWA.xyz, Oct 23, 2026) | Issues Janus Henderson's Anemoy funds and New York Life's HYB on Avalanche, with $263.39M on the chain. | 2025-07 |
 Intain (with FIS) | $394.67M on the Intain L1 (RWA.xyz, Oct 23, 2026) | Runs a structured-finance Avalanche L1 that powers the Digital Liquidity Gateway with FIS, a loan marketplace aimed at ~2,000 U.S. regional and community banks. | 2025-11-11 |
 Tokeny (Apex Group) | Apex Group services $3.5T+ in assets | Tokenized SkyBridge's hedge funds on Avalanche using ERC-3643; $283.97M on the chain. | 2025-08 |
 OpenTrade | $265.17M tokenized assets (RWA.xyz, Oct 23, 2026) | Provides stablecoin yield accounts for fintechs, with $167.34M of its 24 assets on Avalanche; a member of the Avalanche Payments Collective. | 2026-06-18 |
 Progmat | ¥452B+ in digital securities; 64.6% of Japan's ST issuance value | MUFG-founded platform that has moved all its security tokens, real estate and corporate bonds, to a dedicated Avalanche L1. | 2026-07-10 |
Public bodies
| Institution | Size | What they do on Avalanche | Date |
|---|---|---|---|
| UAE TDRA (UAEPASS) | UAEPASS: 12.5M users, 15,000+ services | The UAE's digital government regulator is moving the UAEPASS Digital Vault, used by 350+ government and private entities, to a dedicated Avalanche L1. | 2026-09-14 |
 Wyoming Stable Token Commission (FRNT) | First U.S. state-issued stablecoin, 102% reserve requirement | Launched Frontier Stable Token (FRNT) on Avalanche, with Rain Visa cards for spending; a member of the Avalanche Payments Collective. | 2025-08-19 |
| Korea Securities Depository | ₩11,065T in electronically registered securities (Apr 2026) | In development: KSD's tokenized securities platform, built by Samsung SDS for February 2027, is being built to connect with Avalanche. | 2026-10-13 |
| Kenya National Examinations Council | 15M+ academic records dating to 1989 | Anchored more than 15 million national exam records on the Avalanche C-Chain; KCSE 2025 certificates for nearly 1 million students are issued only as e-certificates. | 2026-08-03 |
 DIFC Courts | Dubai common-law court, open to businesses worldwide since 2011 | Issues court orders and hearing records with authenticity credentials on the Avalanche C-Chain, verifiable anywhere in seconds. | 2026-10-14 |
| Bergen County, New Jersey | 370,000 property deeds worth ~$240B | The County Clerk signed a five-year deal with Balcony to put its 370,000 property deeds on Avalanche. | 2025-05-28 |
Infrastructure
| Institution | Size | What they do on Avalanche | Date |
|---|---|---|---|
 Chainlink | $110B total value secured (Q2 2026) | Core oracle and cross-chain integration on Avalanche; CCIP has connected Avalanche since launch and Chainlink supplies Proof of Reserve and daily NAV feeds for Bridgetower's $11.06B AZX1 token. | 2026-10-23 |
 Fireblocks | $10T+ in transfers secured; 2,400+ customers (Jan 2026) | Institutional custody tech on Avalanche: a participant on the Lynq L1 and a partner in SMBC's Avalanche stablecoin MoU. | 2026-04-29 |
 Wormhole | ~$70B cumulative cross-chain volume (Feb 2026) | Moves Apollo's ACRED and VanEck's VBILL tokens between Avalanche and their other chains. | 2025-05 |
Enterprise & gaming
| Institution | Size | What they do on Avalanche | Date |
|---|---|---|---|
 FIFA | 211 member associations | Runs the FIFA blockchain, an Avalanche L1 behind FIFA Collect's World Cup ticket rights: 100,000+ rights issued and $25M+ in trading volume. | 2026-06-17 |
 Nexon (MapleStory Universe) | ¥475.1B revenue (FY2025) | MapleStory N runs on Henesys, a dedicated Avalanche L1, which passed 150M onchain transactions and 3.82M accounts in its first year. | 2026-06 |
 NEC | 1,000+ biometric ID systems in 70+ countries | MoU: working with Ava Labs on identity-verified stablecoin payments on Avalanche using its FaceVC biometric credentials. | 2026-07-10 |
Method. A name is listed only when a primary or top-tier source confirms a live, current relationship with Avalanche. Pilots are marked as pilots; ended projects are removed. Sizes are each firm's latest reported figure. Logos are taken from each firm's own website. Spot a missing builder? Email contact@msbintel.com.
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