Citi uses Avalanche to complete tokenization testing in the private placement market
Citi, in collaboration with Wellington Management, Wisdomtree, and ABN AMRO, has completed the conceptual verification of tokenizing private funds on the Avalanche blockchain. The test utilized the Avalanche subnetwork Spruce to tokenize the funds and trade tokenized assets, which are programmed for "automated operations, faster settlement, and enabling new composability use cases."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Next Week's Key Insights: A certain exchange to host Blockchain Week in Dubai; Ethereum releases Fusaka upgrade
Goldman Sachs: A rate cut by the Federal Reserve at the upcoming December meeting is almost a foregone conclusion
Trending news
MoreCrypto prices
More
