Equity

Gold

Avalanche

<a href="https://bitcoinworld.co.in/citigroup-partners-with-ava-labs-to-complete-proof-of-concept-for-tokenizing-private-equity-funds/" title="Citigroup Partners With Ava Labs To Complete Proof-of-Concept for Tokenizing Private Equity Funds" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">Citigroup partners with Ava Labs to complete proof-of-concept for tokenizing private equity funds.</li> 
</ul> 
Citigroup, alongside other financial institutions like Wellington Management, ABN AMRO and WisdomTree, has completed a successful proof-of-concept for tokenizing private equity funds.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Citi has worked with <a href="https://twitter.com/Wellington_Mgmt?ref_src=twsrc%5Etfw">@Wellington_Mgmt</a>, <a href="https://twitter.com/WisdomTreeFunds?ref_src=twsrc%5Etfw">@WisdomTreeFunds</a>, and <a href="https://twitter.com/The_DTCC_DA?ref_src=twsrc%5Etfw">@The_DTCC_DA</a> to demonstrate how private assets could be tokenized and opened-up to new capabilities through the power of smart contracts and blockchain technology. Learn more here: <a href="https://t.co/Qr77KR1VNo">https://t.co/Qr77KR1VNo</a> <a href="https://t.co/kf3G26Fjm6">pic.twitter.com/kf3G26Fjm6</a> 
 — Citi (@Citi) <a href="https://twitter.com/Citi/status/1757816852485468177?ref_src=twsrc%5Etfw">February 14, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
This experiment, <a href="https://twitter.com/Citi/status/1757816852485468177">conducted</a> in partnership with Ava Labs on the Avalanche blockchain, highlights the potential of blockchain technology to revolutionize the traditionally opaque and illiquid private equity market. 
The project used simulated workflows and smart contracts to automate various aspects of the investment process, including distribution rules, identity verification, and even collateralized lending.&nbsp; 
This paves the way for streamlined management, fractionalization, and increased efficiency. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/zimbabwe-has-plan-to-launch-structured-currency-linked-to-gold/" aria-label="“Zimbabwe Has Plan To Launch ‘Structured Currency’ Linked to Gold” (Edit)">Zimbabwe Has Plan To Launch ‘Structured Currency’ Linked to Gold</a> 
However, despite the promising results, several hurdles remain before widespread adoption.&nbsp; 
Regulatory uncertainty surrounding tokenized assets, data privacy concerns, and technical aspects like data flow and cash settlement require careful consideration and collaboration between financial institutions, regulators, and technology providers. 
Citi emphasizes the need for robust identity verification protocols and secure data solutions that balance transparency with confidentiality.&nbsp; 
Additionally, seamless data exchange and a tokenized cash leg for atomic settlement are crucial for smooth functioning. 
“With a flexible onramp, blockchain technology could transform private equity markets,” Citi concludes, echoing their view on tokenized assets as a “killer use case,” particularly in the private equity space. 
#Binance #WRITE2EARN 
The post <a href="https://bitcoinworld.co.in/citigroup-partners-with-ava-labs-to-complete-proof-of-concept-for-tokenizing-private-equity-funds/">Citigroup Partners With Ava Labs To Complete Proof-of-Concept for Tokenizing Private Equity Funds</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Citigroup Partners With Ava Labs To Complete Proof-of-Concept for Tokenizing Private Equity Funds

ItsBitcoinWorld

2024년 2월 15일에 게재된 다른 기사

Google Introduces Internal AI Model ‘Goose’ to Boost Code Writing Efficiency

OpenAI Reportedly Developing Search Engine to Challenge Google’s Dominance

ATH Signal for Bitcoin Before Halving from QCP Capital Analysts!

XRP Price Teeters on Brink of Bullish Breakout: Traders Await Signal

TRON Introduces Bitcoin Layer-2 Solution with Significant Impact

XRP Makes Huge Jump, Achieves $1.6 Billion Trading Volume in 24 Hours

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!