Coinspeaker
Citi Explores Private Fund Tokenization in Latest Blockchain Bet
Citigroup Inc (NYSE: C), or Citi, a well-decorated American multinational investment bank, has announced a successful completion of proof-of-concept on private funds tokenization. According to the announcement, Citigroup worked closely with WisdomTree Investment Inc (NYSE: WT) and Wellington Management, with more than $1.4 trillion in assets under management. Notably, the proof-of-concept was conducted on the Avalanche (AVAX) spruce institutional test subnet. The company concluded that the use of novel smart contracts could spur new growth in the investment market, particularly in engaging more investors from around the world.
“We believe blockchain-enabled finance is the future of the industry, and This Proof-of-Concept showcases the ability to explore the transferability of tokenized funds and related compliance in different markets. This will inform future in-production use cases of how blockchain technol
We współpracy z: https://www.coinspeaker.com/citi-private-fund-tokenization/
