Citi Tests Tokenization Working with WisdomTree, Wellington Management

Citi (NYSE:C) says it has successfully completed a proof of concept regarding the tokenization of private funds. The firm partnered with WisdomTree and Wellington Management on the project. Tokenization refers to the digitization of assets, including securities. Typically, a tokenized asset will utilize blockchain or distributed ledger technology to accomplish this task. Citi states that it utilized Avalanche Spruce to test the […]

Continue reading

Singapore Challenging Hong Kong as Asian Financial Hub.

An October 5th, 2023 article in Bloomberg News highlighted the growing role of Singapore as an Asian financial hub competing with Hong Kong in several key financial and wealth management niches. Wealth overseen by the asset management industry has doubled in just six years, to about $4 trillion, according to central bank figures, and about 80% of […]

Continue reading