Citibank conducted a blockchain trial on Avalanche’s Spruce Subnet to explore tokenizing private equity funds for capital market efficiencies.
Avalanche’s network activity and interest from financial institutions like Citibank indicate a growing adoption of blockchain in finance.
Citibank has tapped into the Avalanche blockchain network, employing its Spruce Subnet for a proof-of-concept that could significantly transform capital markets. This initiative explores the tokenization of private equity funds, which could pave the way for more streamlined and efficient operations within the sector.
Wall Street’s growing interest in the real-world uses of blockchain technology is demonstrated by Citibank’s most recent blockchain initiative, launched in partnership with major financial institutions, including WisdomTree and Wellington Management. Avalanche’s Spruce, an Evergreen subnet designed for large financial institutions, is the site of a proof-of-concept trial that represents

Czytaj więcej

We współpracy z: https://www.crypto-news-flash.com/citibank-leverages-avalanche-to-test-tokenization-of-private-equity-funds/?utm_source=rss&utm_medium=rss&utm_campaign=citibank-leverages-avalanche-to-test-tokenization-of-private-equity-funds