Citibank is testing Avalanche's Spruce Subnet to explore the tokenization of private equity funds, aiming to enhance capital market efficiency and ensure regulatory compliance and security. State Street is collaborating with Taurus to provide digital asset custody services and explore tokenization of money market funds and bonds. The adoption of blockchain by global banks aims to improve transparency, efficiency, and security in financial services. However, regulatory and technical challenges still need to be addressed.



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