Citibank conducts proof-of-concept tokenization trial for private equity funds on Avalanche subnet Spruce
Citibank collaborated with traditional financial giants WisdomTree and Wellington Management to conduct a tokenization concept verification test of private equity funds on the Avalanche subnetwork Spruce. They tested various use cases, including end-to-end token transfers, secondary transfers for trading, and new features verification through collateralized loans.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Do Not Lose Sleep Over Shiba Inu! Hold These Coins To Sleep Better At Night.
5 Hidden Gems That Could Outperform Ethereum in 2025—The Time to Buy Is Now
A whale leveraged to buy TRUMP and SOL, making a profit of more than $41.6 million
U.S. Senator Warren questions Trump's Commerce Secretary nominee Lutnick's relationship with Tether