Скачать с ютуб Citi Bank Tests Tokenization of Private Equity Funds on Avalanche в хорошем качестве

Citi Bank Tests Tokenization of Private Equity Funds on Avalanche

The firm tested a variety of use cases through Avalanche's subnet with a focus on private markets. Citi Bank used layer 1 Avalanche’s (AVAX) Spruce Subnet to explore the tokenization of private equity funds to re-architect capital markets. Citi worked with traditional finance giants WisdomTree and Wellington Management to carry out its proof-of-concept trial that was issued on Avalanche’s Spruce, according to a press release. Spruce is an Evergreen subnet designed for large financial institutions looking to use public blockchain infrastructure. Citi joining the subnet is the latest bet from a Wall Street giant looking to dive further into the use cases of blockchain adoption. TradFi firms such as T. Rowe Price, WisdomTree, Wellington Management and Cumberland joined the subnet in April last year to make trade execution and settlements more efficient. The new test by Citi included end-to-end token transfers, secondary transfer to enable trading and validating new capabilities through collateralized lending. The bank’s proof-of-concept demonstrated how smart contracts could enable greater automation and potentially create enhanced compliance and controls for investors and issuers, according to the press release. “We believe that by testing the tokenization of private assets, we are exploring the feasibility to open-up new operating models and create efficiencies for the broader market,” said Nisha Surendran, emerging solutions lead for Citi Digital Assets. https://www.coindesk.com/markets/2024... #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #avalanche #avalanchenews #avalanchenewstoday #citi #citinews #citinewstoday #tokenization #tokenizationnews #crypto ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple