Avalanche and Gelato Partner to Empower Institutional Blockchain Adoption

In a significant move to accelerate institutional blockchain adoption, Avalanche and Gelato have joined forces. Gelato, a leading blockchain-as-a-service (BaaS) platform, is launching a new solution built on Avalanche to address the growing demand for secure and scalable sovereign blockchain infrastructure. This partnership marks a crucial step towards mainstream enterprise blockchain utilization.

Gelato, with a proven track record of providing blockchain solutions for prominent companies like Kraken and Animoca Brands, has developed a streamlined platform allowing developers to deploy fully sovereign chains more efficiently and cost-effectively. This is achieved through seamless interoperability facilitated by Avalanche InterChain Messaging (ICM).

The new service is particularly well-suited for advanced applications demanding robust security and customized functionality, such as financial technology (fintech) solutions requiring KYC compliance and specialized gaming economies. Companies can now swiftly deploy independent blockchains with reduced expenses and faster deployment times.

Luis Schliesske, founder of Gelato, highlights the transformative impact of this collaboration: \”Gelato’s RaaS on Avalanche simplifies everything from deployment and upgrades to real-time monitoring and scaling. It’s a plug-and-play solution that significantly reduces time-to-market and operational overhead, bringing AWS-level infrastructure to the rollup era.\”

He emphasizes the future of enterprise blockchain: \”The future of enterprise blockchain is sovereign, interoperable, and invisible to the end-user.\”

This innovative solution offers one-click layer-1 (L1) network deployment on Avalanche, leveraging key network improvements such as dynamic fees and the elimination of AVAX token staking requirements. Martin Eckardt, senior director of developer relations at Ava Labs, states: \”Avalanche L1s represent a paradigm shift in blockchain infrastructure, enabling a future where every application can run on its own sovereign chain, optimized for its unique needs.\”

Avalanche, currently ranked among the top 10 blockchain networks, boasts over $1.1 billion in total value locked (TVL) across its DeFi applications, as reported by DefiLlama. This robust ecosystem further underscores the potential for widespread institutional adoption.

Schliesske underscores the critical role of reliable infrastructure in driving institutional acceptance: \”Institutions will not build on crypto infrastructure that feels experimental or unreliable. That reliability is a prerequisite for onboarding financial institutions, governments, and large enterprises.\”

Notable brands like Fox News and eBay have already leveraged Gelato’s development platform to launch blockchain-based solutions, demonstrating the platform’s versatility and scalability.