• Written by: Crypto Breaking News
• Sat, 17 Feb 2024
•   United Kingdom

Citi, 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 [...]The post Citi Completes Private Market Tokenization Test Using Avalanche appeared first on Crypto Breaking News.

Citi Completes Private Market Tokenization Test Using Avalanche

Citi, 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 [] Source: Bitcoin.com

The post Citi Completes Private Market Tokenization Test Using Avalanche appeared first on Crypto Breaking News.