• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07

Bitcoin PUMPS Ahead of FOMC Press Conference

2025-05-06

Bitcoin Core Removes The Mask

2025-05-06

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02

    What Is a Layer-0 Blockchain Protocol?

    2025-05-02

    What They Are and What They Are For

    2025-04-17

    What It is & Why it Matters

    2025-04-16
  • Videos

    Bitcoin PUMPS Ahead of FOMC Press Conference

    2025-05-06

    Bitcoin Core Removes The Mask

    2025-05-06

    How MSTR Could Go To Zero

    2025-05-05

    Bitcoin to $100K? SOL, ETH, Altcoin Season, MOVE Disaster & More

    2025-05-05

    How To Run Your Own Bitcoin Node (And Fight Bitcoin Spam)

    2025-05-04
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Blockchain»Wisdom Tree, T.Rowe Among TradFi Firms to Test Avalanche’s Blockchain Subnet
Blockchain

Wisdom Tree, T.Rowe Among TradFi Firms to Test Avalanche’s Blockchain Subnet

2023-04-12No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Blockchain


Financial Institutions including T.Rowe, Wisdom Tree, Wellington Cumberland join layer-1 Avalanche’s (AVAX) Evergreen subnet “Spruce,” to make trade execution and settlements more efficient.

Avalanche launched ‘Evergreen Subnets’ earlier this month aimed at offering a suite of blockchain deployments and tooling for financial institutions. Evergreen Subnets are Ethereum Virtual Machine (EVM)-based chains with a permissioned validator set and a custom gas token to power transactions, according to a press release.

The traditional finance (TradFi) firms will use Spruce as a testnet for a variety of applications and assets to measure benefits of on-chain trade execution and settlement, the press release said. The testnet will use valueless tokens allowing institutions to experience full functionality of Avalanche’s Subnet architecture without putting capital at risk.

The move comes as TradFi companies have been pushing deeper into blockchain technology and crypto related products for the last few years, indicating a promising step towards greater adoption amongst large financial institutions.

“Participating in the Avalanche Spruce testnet presents a valuable opportunity to deepen our understanding and analysis of smart contract technology and the potential applications of public, permissioned blockchains in financial markets,” said Blue Macellari, head of digital assets strategy at T. Rowe Price Associates.

Institutions will use decentralized finance (DeFi) apps on Spruce to execute foreign exchange and interest rate swaps, according to the press release.

Avalanche currently has several EVM-based subnets, including the Intain Subnet, which is a tokenized asset-backed security (ABS) application and the Deloitte Subnet, which is a platform for efficient Foreign Exchange Management Act (FEMA) fund disbursements.

Read more: ‘It’s Time for Crypto to Put on Big Boy Pants’: 5 Ways TradFi Investors Are Rethinking Crypto in the Wake of FTX

See also  Neura AI Blockchain Unveils ‘Road To Mainnet’ Program Alongside Public Testnet Release

among Avalanches Blockchain Firms Subnet T.Rowe Test TradFi Tree Wisdom
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What is a Layer-1 (L1) Blockchain? L1 Problems & Future

2025-05-03

What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

2025-05-02

What Is a Layer-0 Blockchain Protocol?

2025-05-02

Test Stream From Maldives

2025-03-16
Add A Comment

Leave A Reply Cancel Reply

Top Posts
NFT

FIFA drops NFTs that offer chance at World Cup final tickets, moves to Polygon

2023-12-11

FIFA, the international governing body for the world’s most popular sport, is dropping a limited…

Videos

7 OF 13 “Unraveling Bitcoin’s Gartner Hype Cycles: Understanding the Investor Cohorts”

2023-04-12

Welcome to CINN Crypto Investor News Network – your go-to source for the latest news,…

Videos

XRP Will Surge to $xxxx.xx?!?!

2025-03-25

The crypto market is where large wealth gains are made! . Do you want $30000…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07

Bitcoin PUMPS Ahead of FOMC Press Conference

2025-05-06

Bitcoin Core Removes The Mask

2025-05-06

How MSTR Could Go To Zero

2025-05-05
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 99,465.65
ethereum
Ethereum (ETH) $ 1,976.92
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.21
bnb
BNB (BNB) $ 615.69
solana
Solana (SOL) $ 155.12
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.184205
cardano
Cardano (ADA) $ 0.718366
tron
TRON (TRX) $ 0.250247
bitcoin
Bitcoin (BTC) $ 99,465.65
ethereum
Ethereum (ETH) $ 1,976.92
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.21
bnb
BNB (BNB) $ 615.69
solana
Solana (SOL) $ 155.12
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.184205
cardano
Cardano (ADA) $ 0.718366
tron
TRON (TRX) $ 0.250247