Avalanche has once again proven its suitability for tokenization in a recent Citi exploration.
Avalanche has been making a series of impressive partnerships all boosting its market valuation.
Avalanche (AVAX), a prominent decentralized platform has surged 138% in value over the past year, fueled by Citigroup bank’s exploration of tokenization on its Spruce Subnet.
Tokenization on Avalanche’s Spruce Subnet
Citi’s exploration of tokenization on Avalanche’s Spruce Subnet marks a huge milestone in the evolution of Decentralized Finance (DeFi) and asset tokenization. The experiment, conducted in collaboration with Wellington Management and WisdomTree, aimed to assess Avalanche’s potential to transform capital markets and enhance financial services.
Utilizing Avalanche’s Spruce testnet, specifically tailored to meet the needs of financial enterprises, Citi delved into the tokenization of private equity funds. By encoding compliance and identity rules into Avalanche smart contrac

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