Citi uses Avalanche Chain to trial FX solution

Golden Finance reported that Citibank has developed a public blockchain foreign exchange solution as part of the Monetary Authority of Singapore's tokenization plan, Project Guardian. Citigroup collaborated with T.Rowe Price and Fidelity International to develop a licensed instance of the Avalanche blockchain. T. Rowe Price has a $1.3 trillion asset management scale and has been developing foreign exchange swaps on Avalanche for some time.