Citi utilized Ava Labs' AvaCloud for Project Guardian, testing blockchain in FX trades. đșđŠ
The on-chain solution on Avalanche records real-time price quotes and simulated trade executions, supporting secure trade data storage. Part of MAS's initiative, the application, currently in trials, could be applied to various currency pairs. Private permissioned Avalanche Evergreen Subnets were used, featuring EVM compatibility and customizable features. This aligns with the industry trend of using blockchain to enhance capital markets and workflows. Avalanche's speed and scalability make it ideal for such financial applications.
