Citigroup uses Avalanche to complete private market tokenization test

ChainCatcher message, Citigroup has collaborated with Wellington Management, Wisdomtree, and ABN AMRO to complete a proof of concept for the tokenization of private equity funds on the Avalanche blockchain. The test utilized the Avalanche subnet Spruce to tokenize the funds and trade tokenized assets, which are programmed for "automated operations, faster settlements, and enabling new composable use cases."