Citi

Citi Collaborates to Tokenize Private Equity Funds on Avalanche

Citi Collaborates to Tokenize Private Equity Funds on Avalanche

Citigroup has collaborated with Ava Labs, other traditional financial institutions, and digital asset businesses to develop a proof-of-concept for tokenizing private equity funds.¬†Although several legal and technical issues remain, Citi is confident that blockchain may change the game for private equity. The project used simulated workflows in a private equity fund issued by Wellington Management. […]

Feb. 15, 2024