Demeter, best known for launching the world’s first Bitcoin ATM in 2013 and co-founding one of Canada’s earliest crypto exchanges, Cointrader, is widely regarded as a pioneer in blockchain adoption.
“The civilizations that gained the most from new waves of technology are not the ones who consumed the technology, but the ones who produced it,” he noted. “Openness and verifiability can fight against global balkanization.”
Centurion University (CUTM-AP) is deploying Avalanche’s fast and scalable blockchain to make every graduate’s degree secure, permanent, and globally accessible. Recruiters, institutions, and government agencies can verify credentials instantly within seconds, reducing the chances of academic frauds.
The investment was made through PayPal Ventures, the company’s venture capital arm, as part of Stable’s recent $28 million seed round that also included backing from Bitfinex and Hack VC.
Shares of the ETF are expected to list on a U.S. exchange under a ticker symbol yet to be disclosed. According to the filing, issuance and redemption will occur in blocks of 10,000 shares, known as baskets, settled either in cash or in Avalanche itself. The structure allows investors to gain direct exposure to AVAX without the complexities of managing wallets or private keys.
