Citi Completes Private Market Tokenization Test Using Avalanche
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."
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
Navigating Crypto Volatility: How Bitcoin and Altcoins Influence Your Trading Choices
Understanding the Impact of Market Volatility on Crypto Trading: A Look at the Risk and Reward in Bitcoin and Altcoins
Bitcoin Plunge Signals Opportunity to Buy as USDT Flow Peaks in Six Months
Analyzing Stablecoin Spikes amid Bitcoin's Decline: A Sign of Impending Rally or a Word of Caution?
Keeping Faith in Bitcoin: Unraveling the 2017 Cycle and the Power of HODLing Strategy
Identifying Parallels Between BTC's Current Trends and Its Performance Four Years Prior - Should Investors Hold Firm or Alter Approaches?
Fantom’s Solid Pattern of Higher Lows: What’s Next for FTM Price?
Trending news
MoreCrypto prices
More
