Morgan Krupetsky Archives - Coin Engineer https://coinengineer.net/blog/tag/morgan-krupetsky/ Btc, Coins, Pre-Sale, DeFi, NFT Thu, 15 Feb 2024 14:03:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png Morgan Krupetsky Archives - Coin Engineer https://coinengineer.net/blog/tag/morgan-krupetsky/ 32 32 Which Coin’s Infrastructure Did Citibank Use For Tokenization? https://coinengineer.net/blog/citibank-which-coins-infrastructure-did-use-for-tokenization/ https://coinengineer.net/blog/citibank-which-coins-infrastructure-did-use-for-tokenization/#respond Thu, 15 Feb 2024 18:30:01 +0000 https://coinengineer.io/blog/?p=12337 The US-based Citibank has announced that it used the Avalanche (AVAX) Spruce Subnet to test private equity tokenizations. Last year, JPMorgan had also used Avalanche for portfolio management. This kind of news is seen as positive for the use of cryptocurrencies in other fields. You might be interested in: Cardano (ADA) Eyes $1 Glory: Hype

The post Which Coin’s Infrastructure Did Citibank Use For Tokenization? appeared first on Coin Engineer.

]]> The US-based Citibank has announced that it used the Avalanche (AVAX) Spruce Subnet to test private equity tokenizations. Last year, JPMorgan had also used Avalanche for portfolio management. This kind of news is seen as positive for the use of cryptocurrencies in other fields.

You might be interested in: Cardano (ADA) Eyes $1 Glory: Hype or Reality?

WisdomTree, Wellington Management, T. Rowe Price Associates and Cumberland also participated in this tokenization test with Citibank. The work was also jointly conducted.

Last year in April, these companies had also joined the Avalanche subnet mainly for efficient trading.

Ava Labs Business Development Director Morgan Krupetsky made some statements on her X (Twitter) account.

According to Morgan Krupetsky, ‘after launching Avalanche Spruce, an Evergreen Subnet to measure the benefits of on-chain financing, there will be a major update with the joining of Citibank to the network’.

Also, a statement came from Citibank. Nisha Surendran said the following:

‘We believe that with the private asset tokenization test, we are exploring the feasibility of efficiency in opening up new operational models and reaching a wider market’

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post Which Coin’s Infrastructure Did Citibank Use For Tokenization? appeared first on Coin Engineer.

]]> https://coinengineer.net/blog/citibank-which-coins-infrastructure-did-use-for-tokenization/feed/ 0