Citi developed a blockchain solution for FX trading under Singapore’s Project Guardian, collaborating with T.Rowe Price and Fidelity International.
The solution uses the Avalanche blockchain for streaming FX prices and includes smart contracts for trade execution and record-keeping.
Citi has developed a public blockchain solution for foreign exchange (FX) transactions, a part of the Monetary Authority of Singapore’s Project Guardian. This initiative marks a significant step in integrating blockchain technology within traditional financial systems, promising to revolutionize FX trading.
Collaborative Efforts and Technological Advancements
Citi’s collaboration with T.Rowe Price and Fidelity International has created a permissioned instance of the Avalanche blockchain. This development is a standalone effort and part of a broader engagement in digital assets and blockchain technology. Notably, T. Rowe Price, managing a hefty $1.3 trillion in assets, has been actively working on FX S

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