Citigroup, a global banking giant, completes a proof-of-concept trial on the Avalanche Spruce Subnet. In collaboration with WisdomTree and Wellington Management, the trial explores tokenizing private equity funds, showcasing blockchain’s potential to revolutionize financial systems. Led by Nisha Surendran, Citigroup’s emerging solutions lead for digital assets, the trial successfully demonstrates end-to-end token transfers and smart contract-based fund distribution rules. This marks a significant step towards mainstream blockchain adoption in traditional finance.
Citigroup Succeeds with Private Equity Fund Tokenization on Avalanche Blockchain
by Crypto Oasis | Feb 15, 2024 | Industrial | 0 comments