Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Wells Fargo increases the price target for a company of billion dollars, the shares of the company’s prognoses will increase by 52%: report

2025-05-10

Artificial Superintelligence Alliance breaks its downward trend: Can Fet be passing by $ 1?

2025-05-10

Taiwan presents Bitcoin as part of the National Reserve Strategy

2025-05-10
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Mint Blockchain integrates Chainlink CCIP to feed cross-chain connectivity

    2025-05-10

    ‘Nasdaq on Solana’ vision sees progress with opening bell launch

    2025-05-10

    Nexus launches an AI lab for safe and verifiable artificial inteligence

    2025-05-10

    Renta Network works together with thoughts to introduce AI-driven discovery into the Real-World Assets

    2025-05-10

    Decentralized AI Society to run Hypercycle Masternode

    2025-05-09
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Wells Fargo increases the price target for a company of billion dollars, the shares of the company’s prognoses will increase by 52%: report

    2025-05-10

    Ethereum – Price explodes beyond $ 2,200 with a 25% increase – Momentum builds up quickly

    2025-05-10

    Arthur Hayes says that the crypto-bullmarkt is ready to continue, Bitcoin Path sketches to seven-digit price

    2025-05-10

    Chainlink keeps strong at $ 15.29 support – is a new breakout on your hands?

    2025-05-10

    NFT-Ecosystemtoken built on Solana (SOL) Hapert after obtaining surprise support from Binance Futures

    2025-05-09
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Citi Bank tests tokenization of private equity funds on Avalanche
Blockchain

Citi Bank tests tokenization of private equity funds on Avalanche

2024-02-15No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Citi Bank used Tier 1 Avalanche’s (AVAX) Spruce Subnet to explore the tokenization of private equity funds to redesign capital markets.

Citi partnered with traditional finance giants WisdomTree and Wellington Management to conduct its proof-of-concept trial released on Avalanche’s Spruce, according to a press release. Sparring is one Evergreen subnet designed for large financial institutions looking to leverage public blockchain infrastructure.

Citi’s entry into the subnet is the latest gamble from a Wall Street giant looking to delve further into the use cases of blockchain adoption. TradFi companies such as T. Rowe Price, WisdomTree, Wellington Management and Cumberland joined the subnet in April last year to make transaction execution and settlement more efficient.

Citi’s new test included end-to-end token transfers, secondary transfer to enable trading, and validating new capabilities through collateralized lending.

The bank’s proof-of-concept showed how smart contracts can enable greater automation and potentially create improved compliance and controls for investors and issuers, the press release said.

“We believe that by testing the tokenization of private assets, we are exploring the feasibility of opening up new business models and creating efficiencies for the broader market,” said Nisha Surendran, emerging solutions leader for Citi Digital Assets.

Read more: 2024 will be the year that tokenization really (finally) begins

Source link

See also  Reserve Bank of Australia issues report on CBDC use cases
Avalanche bank Citi equity funds Private Tests Tokenization
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Mint Blockchain integrates Chainlink CCIP to feed cross-chain connectivity

2025-05-10

‘Nasdaq on Solana’ vision sees progress with opening bell launch

2025-05-10

Nexus launches an AI lab for safe and verifiable artificial inteligence

2025-05-10

Renta Network works together with thoughts to introduce AI-driven discovery into the Real-World Assets

2025-05-10
Add A Comment

Comments are closed.

Top Posts

Macro Guru Lyn Alden Says $100,000 Bitcoin Would Be Disappointing for the Bull Market Cycle – Here’s Her Goal

2024-01-03

SEC confirms POW Crypto Mining exempt from the securities legislation

2025-03-21

A look at historical price reconciliations

2025-01-01
Editors Picks

Bitcoin ordinal inscriptions exceed 7 million marks, fueling the unstoppable momentum of the trend

2023-05-16

BNB Price clears $250 and could rise 10% to retest this key resistance

2023-12-20

Nano Labs changes subsidiary name to Nano Bit and expands into the Bitcoin ecosystem

2025-01-01

Ripple Says SEC Suffered Setbacks in XRP Lawsuit, Predicts When a Trial Will Be Issued

2023-04-29
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Wells Fargo increases the price target for a company of billion dollars, the shares of the company’s prognoses will increase by 52%: report

Artificial Superintelligence Alliance breaks its downward trend: Can Fet be passing by $ 1?

Taiwan presents Bitcoin as part of the National Reserve Strategy

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,251.810.54%
  • ethereumEthereum(ETH)$2,442.346.90%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.403.00%
  • binancecoinBNB(BNB)$652.232.91%
  • solanaSolana(SOL)$171.131.36%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.22728512.58%
  • cardanoCardano(ADA)$0.803.54%
  • tronTRON(TRX)$0.259387-0.45%
  • suiSui(SUI)$3.972.22%
  • chainlinkChainlink(LINK)$16.484.29%
  • avalanche-2Avalanche(AVAX)$24.356.18%
  • stellarStellar(XLM)$0.3032983.25%
  • shiba-inuShiba Inu(SHIB)$0.0000166.13%
  • hedera-hashgraphHedera(HBAR)$0.2083175.48%
  • the-open-networkToncoin(TON)$3.353.44%
  • bitcoin-cashBitcoin Cash(BCH)$419.563.56%
  • hyperliquidHyperliquid(HYPE)$24.921.46%
  • unus-sed-leoUNUS SED LEO(LEO)$8.61-0.95%
  • polkadotPolkadot(DOT)$5.006.18%
  • litecoinLitecoin(LTC)$102.084.29%
  • moneroMonero(XMR)$325.557.78%
  • bitget-tokenBitget Token(BGB)$4.838.41%
  • pepePepe(PEPE)$0.0000134.16%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.733.17%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.778.95%
  • bittensorBittensor(TAO)$443.365.30%
  • nearNEAR Protocol(NEAR)$2.973.58%
  • aptosAptos(APT)$5.734.42%
  • aaveAave(AAVE)$220.627.01%
  • okbOKB(OKB)$54.402.23%
  • ondo-financeOndo(ONDO)$1.032.25%
  • ethereum-classicEthereum Classic(ETC)$19.613.45%
  • internet-computerInternet Computer(ICP)$5.462.55%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.102.67%
  • kaspaKaspa(KAS)$0.1047003.49%
  • gatechain-tokenGateToken(GT)$22.080.99%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2565302.35%
  • render-tokenRender(RENDER)$5.135.53%
  • crypto-com-chainCronos(CRO)$0.099144-0.96%
  • vechainVeChain(VET)$0.0304004.20%
  • mantleMantle(MNT)$0.770.29%
  • ethenaEthena(ENA)$0.3802524.99%
  • usd1World Liberty Financial USD(USD1)$1.00-0.08%
  • algorandAlgorand(ALGO)$0.2382853.56%
  • filecoinFilecoin(FIL)$3.041.79%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.841.94%
  • bitcoinBitcoin(BTC)$103,251.810.54%
  • ethereumEthereum(ETH)$2,442.346.90%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.403.00%
  • binancecoinBNB(BNB)$652.232.91%
  • solanaSolana(SOL)$171.131.36%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.22728512.58%
  • cardanoCardano(ADA)$0.803.54%
  • tronTRON(TRX)$0.259387-0.45%
  • suiSui(SUI)$3.972.22%
  • chainlinkChainlink(LINK)$16.484.29%
  • avalanche-2Avalanche(AVAX)$24.356.18%
  • stellarStellar(XLM)$0.3032983.25%
  • shiba-inuShiba Inu(SHIB)$0.0000166.13%
  • hedera-hashgraphHedera(HBAR)$0.2083175.48%
  • the-open-networkToncoin(TON)$3.353.44%
  • bitcoin-cashBitcoin Cash(BCH)$419.563.56%
  • hyperliquidHyperliquid(HYPE)$24.921.46%
  • unus-sed-leoUNUS SED LEO(LEO)$8.61-0.95%
  • polkadotPolkadot(DOT)$5.006.18%
  • litecoinLitecoin(LTC)$102.084.29%
  • moneroMonero(XMR)$325.557.78%
  • bitget-tokenBitget Token(BGB)$4.838.41%
  • pepePepe(PEPE)$0.0000134.16%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.733.17%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.778.95%
  • bittensorBittensor(TAO)$443.365.30%
  • nearNEAR Protocol(NEAR)$2.973.58%
  • aptosAptos(APT)$5.734.42%
  • aaveAave(AAVE)$220.627.01%
  • okbOKB(OKB)$54.402.23%
  • ondo-financeOndo(ONDO)$1.032.25%
  • ethereum-classicEthereum Classic(ETC)$19.613.45%
  • internet-computerInternet Computer(ICP)$5.462.55%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.102.67%
  • kaspaKaspa(KAS)$0.1047003.49%
  • gatechain-tokenGateToken(GT)$22.080.99%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2565302.35%
  • render-tokenRender(RENDER)$5.135.53%
  • crypto-com-chainCronos(CRO)$0.099144-0.96%
  • vechainVeChain(VET)$0.0304004.20%
  • mantleMantle(MNT)$0.770.29%
  • ethenaEthena(ENA)$0.3802524.99%
  • usd1World Liberty Financial USD(USD1)$1.00-0.08%
  • algorandAlgorand(ALGO)$0.2382853.56%
  • filecoinFilecoin(FIL)$3.041.79%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.841.94%