Alvara Protocol Aims to be the 'Fidelity' of Tokenized Assets

Alvara Eyes Tokenized Asset Management Dominance

Dominic Ryder, co-founder of the Alvara Protocol, has bold ambitions: to become the "Fidelity" of the burgeoning tokenized asset market. He envisions a future where Alvara's ERC-7621 token standard facilitates widespread adoption of on-chain asset management.

Addressing VC Investment Challenges

Ryder highlights a critical issue in the venture capital world, especially within crypto: a high failure rate. He argues that even strong projects can fail due to marketing shortcomings, not necessarily due to flaws in the product itself.

He proposes a solution involving "value baskets." VC firms can create these baskets containing both high-performing assets (like Animoca Brands' holdings in The Sandbox and Mocaverse) and undervalued investments where the team and technology still hold promise. This allows investors to access a diversified portfolio with the potential for significant upside.

ERC-7621: Enabling Tokenized Baskets

The ERC-7621 standard, developed by Alvara, plays a crucial role in this vision. It allows for the creation of multi-asset tokenized baskets on-chain. This means a single token can represent a collection of various ERC-20 tokens.

Key features of ERC-7621:

• Supports an unlimited number of underlying ERC-20 tokens.
• Simplifies the tokenization of diverse assets, including real estate, gold, and commodities.
• Enables 24/7 global trading of previously illiquid assets.

The Future of On-Chain Asset Management

Ryder believes that as traditional finance increasingly moves on-chain, the ERC-7621 standard will become indispensable. Just as ERC-721 became the standard for NFTs, Alvara aims to establish ERC-7621 as the go-to standard for decentralized asset management. If Alvara can build a robust user base and facilitate access to tokenized assets, it could indeed become the "Fidelity funds network" of the decentralized world.

Key Takeaways:

• Alvara Protocol is aiming to become the leading platform for tokenized asset management.
• ERC-7621 standard allows for the creation of baskets containing multiple tokenized assets.
• Ryder suggests VC firms should consider 'value baskets' for underwater crypto investments.