Citigroup is an American transnational financial services corporation established in 1812 and headquartered in New York. Citigroup is the fourth largest of the American banks and a systematically important bank for the U.S. and world economy. Citigroup’s revenue is currently more than $71.5 billion. Citibank is a part of Citigroup that specializes on consumer financial services. Some major Citibank branches are the American and Mexican branches, but Citi also has its branches in Russia, India, the UAE and some other countries. Citigroup’s blockchain research and development were some of the first in the banking and financial services sector. Citi and Nasdaq announced an agreement that implemented blockchain in global banking in May 2017. This agreement authorizes Citi to transfer funds into Nasdaq’s blockchain platform that is used for buying and selling shares of private companies.
The crypto economy continues to lure top talent from Wall Street. Matt Zhang becomes the latest industry veteran to jump ship.
Former Citi banker launches $1.5B crypto fund, taps Algorand as first partner
The new head of digital assets at Citi’s institutional branch will focus on pursuing connections and investments with clients, startups and regulators.
Citi Group appoints head of digital assets in crypto hiring spree
CEOs of major American banking institutions are heading to Washington to face legislators' questions about how they will aid a post-pandemic economic recovery.
Banks cautious about crypto ahead of COVID-19 testimony before US Senate
The digital money format war could be won or lost on the battleground of tokenization.
Tokenization at center of digital money ‘format wars,’ says Citibank exec
Trading, financing and custody services are being pursued by the investment bank.
Citigroup considers crypto amid surge in customer demand on Wall Street
IADB disbursed tokenized funds to a recipient in the Dominican Republic using the LACChain blockchain network.
Citi and IADB complete cross-border payment pilot with blockchain tech
Bullish maneuvers from MicroStrategy, Goldman Sachs and Citigroup are just a few of the factors backing Bitcoin's rally back to $50,000.
Bitcoin price hits $50K after bullish outlook from Citigroup and Goldman Sachs