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T. Rowe Price, WisdomTree join Avalanche subnet for forex testing

Financial market firms T. Rowe Price Associates, WisdomTree, Wellington Management, and Cumberland have joined an Avalanche (AVAX) subnet to test the idea of blockchain-based foreign exchange, according to an announcement from the Avalanche team. The new subnet is called “Spruce,” and is part of Avalanche’s Evergreen Subnet ecosystem.Following last week’s

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

“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. Source

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