Citi continues to develop digital asset solutions, in line with its goals and risk appetite, using a unified set of shared technology capabilities and a common strategic approach. These innovative solutions enhance Citi’s products and services including digital money, trade, securities, custody, asset servicing and collateral mobility.
Creation and piloting of Citi Token Services for cash management, enabling clients to transfer liquidity between Citi branches on a 24/7 basis.
Citi Token Services for cash management and trade finance uses blockchain and smart contract technologies to deliver digital asset solutions for institutional clients. Citi Token Services will integrate tokenized deposits and smart contracts into Citi’s global network, upgrading core cash management and trade finance capabilities.
Puneet Singhvi was recently interviewed by CNBC Crypto World. He discussed institutional interest in digital assets, the impact of distributed ledger technology on the financial industry, and where Citi sees opportunities with the tokenization of money and blockchain technology.
In this episode, Ryan Rugg, who is our Digital Assets head for Treasury and Trade Solutions (TTS) talks to Ronit Ghose, Head of Future of Finance & Digital, Citi Global Insights about Blockchain technology and beyond, looking at the real future of finance.
The Metaverse as a concept has been around for a few decades. However, interest in the virtual world spiked at the end of 2021 following a rise in sales of non-fungible tokens (NFTs) as well as announcements from Big Tech players indicating their interest and investment in the space.
Joining jurisdictions around the world, the UK has recognised that disrupting technologies and failures in the cryptoasset arena have highlighted the need for regulation, not just to protect investors and maintain financial stability, but also to recognise the changes technology has made to the financial services sector.
