And Avalanche, built for financial institutions, is an Evergreen Subnets, which is a blockchain deployment, tool, and customization service. These institutions can implement their blockchain strategies on a private, permissioned chain, alongside known and approved counterparties, 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.
Citibank Explores Tokenization of Private Equity Funds with Avalanche (AVAX) Testing