Citigroup, in collaboration with other financial institutions like Wellington Management and WisdomTree, has successfully completed a trial testing the tokenization of private equity funds on the Avalanche blockchain network. The project demonstrated the issuance and custody of tokenized private equity funds in a controlled environment compatible with existing bank systems.
🚀@Citi , in collaboration with Wellington Management and WisdomTree, is delving into private fund tokenization. Citi Token Services will integrate tokenized deposits and smart contracts into Citi’s global network, upgrading core cash management and trade finance… https://t.co/55gDDvoaeF
#CryptoNews: Citigroup, alongside other financial institutions like Wellington Management, ABN AMRO and WisdomTree, has completed a successful proof-of-concept for tokenizing private equity funds.🚀 https://t.co/9cJ8HlBDFX
Citi just completed a pretty massive RWA tokenization experiment with Avax, aimed at unlocking the $10T private investment market. I'll explain it briefly here 👇 👩🔬The Experiment: Citi tested the tokenization of a private equity fund by bringing it onto the blockchain (using… https://t.co/yTrnWHSKQX
Citigroup completed an experiment in which it tokenized a private equity fund on a blockchain network, potentially paving the way for banks to adopt the technology https://t.co/pS36S1fYVT
JUST IN: Citibank is exploring the tokenization of private equity funds. https://t.co/zwQXPTOAgi
Citigroup has successfully completed a trial testing the potential for tokenizing a private equity fund using blockchain https://t.co/A7oGqE2BEe
Bringing Traditional Assets to Digital Networks: #Citi Exploring the #Tokenization of Private Markets Thank you @emilyjnicolle for the coverage https://t.co/boJof9nTkJ https://t.co/5lpqtVB80c @MaredithH1 @MorganKrupetsky @luigidemeo @GuthrieFi https://t.co/edt6wBWQF7
"The project showed it’s possible to issue and custody tokenized versions of private equity funds on behalf of clients in a controlled environment, while remaining compatible with existing bank systems, Citi said." I wonder who has been banging that drum this entire time. https://t.co/cS9pcQ0nbN https://t.co/xaSTRKCqbs
Citi Bank Tests Tokenization of Private Equity Funds on Avalanche https://t.co/9fAWQc2Vnq via @coindesk
Citi Bank used layer 1 Avalanche’s Spruce Subnet to explore the tokenization of private equity funds to re-architect capital markets. @LedesmaLyllah reports. https://t.co/Ay7Or2mCZt