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Avalon Labs Joins Bitcoin for Corporations as Executive Member
Avalon Labs, a provider of Bitcoin-based CeFi and DeFi infrastructure, has joined Bitcoin for Corporations (BFC) as an Executive Member. This significant move highlights Avalon’s dedication to advancing the growth and adoption of Bitcoin worldwide.
As part of the alliance, Avalon will have access to BFC’s global network, comprising over twenty member companies. This strategic partnership enables Avalon to expand its reach into new markets and strengthen its position in the corporate financial sector.
Avalon Labs’ decision to become an Executive Member of BFC underscores their commitment to supporting Bitcoin holders through infrastructure that amplifies accessibility and utility. The company has reiterated its intent to hold any earnings from its operations, demonstrating its conviction in the value potential of this cryptocurrency.
By joining forces with BFC, Avalon can tap into a collective of enterprise-grade solutions tailored for institutional-grade financial services. This collaboration will facilitate the integration of Bitcoin-based treasury frameworks within existing corporate infrastructure.
AVL Token Price Movement
Following the announcement, AVL, Avalon Labs’ native token, has seen a surge in value, increasing by over 6% and reaching a market capitalization of $23.73 million with trading volume reaching $12.71 million. This significant price movement reflects growing trust from investors in Avalon’s strategic decision.
Avalon’s membership in BFC aligns with the company’s long-term objective of establishing a regulated, on-chain financial ecosystem. By leveraging the alliance’s collective expertise and networks, Avalon aims to create an environment where corporations can utilize Bitcoin for treasury operations, lending, and savings.
Disclaimer: The information provided by CryptoTale is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions.
Source: cryptotale.org
