ChainCatcher message, Citigroup has collaborated with Wellington Management, Wisdomtree, and ABN AMRO to complete a proof of concept for the tokenization of private equity funds on the Avalanche blockchain. The test utilized the Avalanche subnet Spruce to tokenize the funds and trade tokenized assets, which are programmed for "automated operations, faster settlements, and enabling new composable use cases."

ChainCatcher news, Ethereum Layer 2 scaling solution ImmutableX's associated foundation is attempting to sell a certain amount of IMX tokens to raise funds in the private market.It is reported that Digital Worlds Ltd. NFTS is a non-profit foundation based in the Cayman Islands, responsible for issuing IMX tokens, and is technically separate from the Australian startup Immutable Group that develops the blockchain.A spokesperson for Immutable revealed that this private token sale is led by a major venture capitalist and that it was "oversubscribed by more than two times in the first 72 hours," while "the proceeds from the sale of tokens will be donated entirely to the foundation, not to Immutable." (source link)