Citibank Utilizes Avalanche (AVAX) to Test Tokenization of Private Equity Funds

And Avalanche is a set of blockchain deployments, tools, and customized services built for financial institutions. These institutions can implement their blockchain strategies on private, permissioned chains with known and approved counterparts, while retaining the ability to communicate with other subnets through Avalanche’s native communication protocol, Avalanche Warp Messaging (AWM). This allows users to transmit data, communicate, and exchange assets without relying on third-party intermediaries.