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.
Singapore-based DBS bank joins blockchain trade-finance network Contour to disrupt its letters of credit settlement process.
DBS Bank Joins Global Blockchain Network to Digitize Trade Settlement
Major investment bank Citigroup announced it has increased its equity stake in Ethereum-based trade finance platform Komgo.
Citigroup Raises Investment in Ethereum-Based Trade Finance Startup
IBM, Citibank and video game giant Ubisoft have joined Singapore-based blockchain accelerator Tribe Accelerator.
IBM and Citibank Join Singapore Late-Stage Blockchain Accelerator
A number of banks revealed plans to issue their own tokens, following JPMorgan Chase’s move.
Pet Stablecoins: Why Some Banks Issue Their Own Digital Tokens, While Others Don’t
Open source initiative Hyperledger has announced 12 new members including Alibaba Cloud, Citi and Deutsche Telekom, among others.
Hyperledger Onboards 12 New Members Including Alibaba Cloud, Deutsche Telekom and Citi
Crypto exchange and wallet Coinbase has hired former Wall Street exec and banking regulator Jeff Horowitz as its new Chief Compliance Officer.
Former Pershing Exec Jeff Horowitz Joins Coinbase as Chief Compliance Officer
Citi executive believes the key to mainstream adoption of Blockchain technology is the introduction of state-backed virtual currencies.
Digital Dollars and Digital Pounds, Citi Executive Believes Digitized Fiat Currency is Key to Blockchain Adoption