According to Foresight News, Avalanche launched the testnet Spruce of the Evergreen subnet. The initial institutional partners of the testnet include T. Rowe Price Associates, WisdomTree, Wellington Management and Cumberland. Participating institutions will use Spruce as a testnet for various applications and assets to measure the benefits of on-chain transaction execution and settlement.
Foresight News previously reported that Avalanche launched the Evergreen subnet for institutional blockchain deployments. Institutions can launch their own Evergreen subnets for research and development and "production-ready use cases."
