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Citi Completes Private Market Tokenization Test Using Avalanche

CointimeCointime2024/02/18 00:36
By:Cointime

Citigroup has partnered with Wellington Management, Wisdomtree, and ABN AMRO to complete the proof-of-concept for tokenizing private funds on the Avalanche blockchain. The test used the Avalanche subnetwork Spruce to tokenize the funds and trade tokenized assets, which are programmed for "automated operations, faster settlement, and enablement of new composability use cases."

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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.

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