Citi teams up with Wellington Management and WisdomTree
Citi has announced that it has successfully completed a proof of concept on tokenization of private funds along with Wellington Management and WisdomTree. The proof of concept, which was conducted on the Avalanche Spruce institutional test Subnet, found that smart-contract capabilities could deliver new functionality and operational efficiencies, which are currently unavailable with traditional assets. […]
Dalberg acquires Ravel Innovation boosting the innovation prospects
For meeting the Sustainable Development Goals by 2030, an enormous boost in innovation capacity is required. Even as assets under management (AUM) of impact-focused investors have increased from 500 to 700 billion US$ in the last 2 years, the supporting infrastructure for investable solutions has lagged. Industry sources added that the innovation programs offering structured […]
