CITIBANK EXPLORES TOKENIZATION OF PRIVATE EQUITY FUNDS

Summary from the TLDR Crypto newsletter

Citibank, in partnership with WisdomTree and Wellington Capital, has successfully simulated the tokenization of a private equity fund using blockchain technology. The process proves that tokenization is possible in a controlled environment, can remain legally compliant, and is compatible with existing banking systems. The move could potentially introduce efficiencies into the $6 trillion private equity industry. The success of this test will inform Citibank's decisions about offering related services.