Sunday February 23, 2025

Citi Completes Private Market Tokenization Test Using Avalanche

Citi Completes Private Market Tokenization Test Using Avalanche

by Sergio Goschenko February 17, 2024 1 min read

(Originally posted on : Bitcoin News )

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 […]

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