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.
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