Digital asset infrastructure firm BDACS said on May 13 it will work with layer-1 blockchain platform Aptos to expand the ecosystem for its won stablecoin, KRW1, and cooperate on infrastructure. The partnership focuses on extending KRW1 to the Aptos network and widening use cases using Aptos payment rails and partner networks. Plans include linking with mobile voucher services, payments and wallet infrastructure to build transparent onchain commerce for real-economy use.

Asset manager Bitwise has listed a spot Avalanche (AVAX) exchange-traded fund, the Bitwise Avalanche ETF, on the New York Stock Exchange. The fund trades under the ticker BAVA and is structured to provide staking rewards using the AVAX it holds. Bitwise put the average Avalanche staking reward at 5.4 percent a year and plans to stake the fund’s holdings through its in-house staking unit, Bitwise Onchain Solutions.