**Citi Bank Collaborates with Wellington Management and WisdomTree to Explore Private Equity Tokenization on Avalanche**

Citi Bank, in partnership with Wellington Management and WisdomTree, has initiated the exploration of tokenizing private equity funds using the Avalanche blockchain platform. The collaborative proof of concept aims to revolutionize capital markets by harnessing blockchain technology to improve operational efficiencies and explore new operating models.

The proof of concept, conducted through the Avalanche Spruce institutional test Subnet, showcased the potential for enhanced automation, compliance, and control. This specialized network environment provided an ideal testing ground for tokenizing private funds, offering scalability, efficiency, and regulatory compliance.

The successful completion of the proof of concept marks a significant milestone in the journey toward mainstream adoption of blockchain technology within the financial industry. The exploration of tokenized private assets represents a critical step toward unlocking new operating models and creating efficiencies for the broader market.

The experimentation with tokenized private assets also involved collaboration with DTCC Digital Assets, emphasizing the importance of seamless integration and interoperability between blockchain-based solutions and existing financial infrastructure.

Citi Bank’s commitment to developing digital asset solutions underscores its dedication to innovation and enhancing its products and services across various financial domains. Through collaboration with industry partners and leveraging cutting-edge blockchain technology, Citi continues to pave the way for the future of finance.

**FAQ**

What is private equity tokenization?
Private equity tokenization involves representing ownership in private companies or assets as tokens on a blockchain, enabling fractional ownership and increased liquidity.

What is the Avalanche Spruce Subnet?
The Avalanche Spruce Subnet is a specialized network environment within the Avalanche blockchain platform, offering scalability, efficiency, and regulatory compliance for testing and experimenting with blockchain applications.

What are the benefits of tokenizing private equity funds?
Tokenizing private equity funds can lead to greater automation, enhanced compliance, and improved control environments. It also provides a potential solution to the complex infrastructure, lack of standardization, and transparency issues often associated with private markets.

What role does DTCC Digital Assets play in the exploration of tokenized private assets?
DTCC Digital Assets collaborates with industry partners to evaluate multiple transfer scenarios using smart contracts, emphasizing the importance of seamless integration and interoperability between blockchain-based solutions and existing financial infrastructure.