November 22, 2024

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Citi Completes Private Market Tokenization Test Using Avalanche

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Citi Completes Private Market Tokenization Test Using Avalanche
Citi Completes Private Market Tokenization Test Using AvalancheCiti, in alliance with Wellington Management, Wisdomtree, and ABN AMRO, completed a proof of concept for the tokenization of a private fund on top of the Avalanche blockchain. The test used Spruce, an Avalanche subnet, to tokenize the fund and transact the tokenized assets, which were programmed to “automate operations, settle faster, and enable new […]