The Reference · Settlement network
Avalanche.
AVAX · 2020. A smart-contract platform built around subnets — application-specific chains with shared security — that became a favored venue for institutional tokenization pilots and permissioned deployments.
The institutional read
The subnet architecture maps to how institutions actually deploy: controlled validator sets, compliance at the chain level, public settlement where wanted. A structuring option in the firm's tokenization work.
Where this network appears in the firm's work