Tag: tokenizes

  • Citi proof-of-concept tokenizes private equity funds on Avalanche

    Citigroup has teamed up with Ava Labs, other traditional financial institutions and digital asset companies to complete a proof-of-concept for tokenizing private equity funds. Despite outstanding legal and technical issues, Citi is convinced that blockchain technology could transform the private equity industry. The project used simulated workflows in a Wellington Management-issued private equity fund with…