Avalanche Vietnam Game Jam 2024 Concludes Successfully

The Avalanche Foundation has unveiled its selection committee for an upcoming research grant program. **Committee Composition:** - Economists and institutional investment leaders - Blockchain executives - Professors from Duke University, Columbia University, and University of Florida - Leading researchers in blockchain economics The committee brings together academic expertise and industry experience to evaluate research proposals. [Read more about the committee](https://www.avax.network/about/blog/avalanche-foundation-introduces-research-program-selection-committee)

**AVAX has launched on PantherTrade**, Hong Kong's SFC-licensed crypto platform operated by Futu, the city's largest online brokerage. **Key details:** - AVAX is one of only **4 digital assets** available on the platform - PantherTrade operates under Hong Kong's Securities and Futures Commission licensing - The listing provides regulated access to AVAX for Hong Kong investors This marks a significant regulatory milestone for AVAX, gaining access to one of Asia's major financial hubs through a licensed platform backed by an established brokerage firm.

Lynq Network's CEO Jerald David outlined the key requirements for bringing large-scale financial firms onchain: **risk management tools**, **scalable throughput**, and **business-specific stability**. Lynq operates a dedicated Avalanche L1 that has processed over **$2.5 trillion in transactions** across 30+ institutions. The network, powered by Tassat, provides real-time settlement and collateral mobility with full control over validators, participants, and data access. This approach reflects a broader trend where regulated institutions—including Intain, Dinari, and Broadridge—choose Avalanche L1s for their ability to customize: - Compliance frameworks at the chain level - Validator and participant permissions - Data privacy controls - Fee structures and performance requirements Unlike public blockchains with shared infrastructure, Avalanche L1s allow businesses to build blockchain networks that match their operational and regulatory needs.

StraitsX has launched a dedicated Layer 1 blockchain using AvaCloud to address compliance challenges in cross-border payments. The network introduces **Purpose Bound Money (PBM)**, a framework that enables: - Programmable payment rules - Whitelisted wallet systems - Secure transaction reconciliation - Built-in regulatory compliance The infrastructure solves a critical problem: traditional payment networks struggle to control who participates and where funds move without proper oversight. Early results show significant adoption, with a **400% increase in GrabPay transactions** and expansion to 12 applications across 9 countries in Southeast Asia. [Read full details](https://www.avax.network/about/blog/straitsx-leverages-avacloud-and-avalanche-to-simplify-cross-border-payments-in-southeast-asia)

Balcony is deploying blockchain-based property records across New Jersey counties, bringing 460,000+ properties worth $240 billion on-chain through an Avalanche L1 built via AvaCloud. **Key deployments:** - Bergen County: 370,000+ properties - Additional rollouts: Camden, Orange, Morristown, Fort Lee - Deed settlement time: reduced from 90 days to 1 day **System features:** - Tamper-proof, searchable property records - Ransomware-resistant infrastructure - Public-sector access controls - Fraud detection (Orange uncovered nearly $1M in lost tax revenue) This marks a shift from pilot projects to production infrastructure for government land records. [Read more](<https://www.avax.network/about/blog/240b-in-real-estate-is-coming-on-chain-with-balcony-and-avalanche>)