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Blackrock Adds Citi, Goldman, UBS, Citadel as Bitcoin ETF’s Authorized Participants — IBIT Holdings Near 260K BTC
6.4.2024
Blackrock, the world’s largest asset manager, now has nine authorized participants for its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). They include JPMorgan Securities, ABN Amro, UBS Securities, Goldman Sachs, Citigroup, and Citadel Securities. 9 Authorized...
Banks like Citi adopt blockchain and tokenization in private markets
28.3.2024
In collaboration with Wellington and WisdomTree, Citigroup Inc. conducted a simulation regarding the tokenization of private funds in blockchain wagering. This endeavor was designed to demonstrate how a blockchain network can tokenize a private equity fund. Wall Street may embrace distributed...
Citi and Brazilian Development Bank Join Hyperledger Foundation
19.3.2024
The Foundation has also launched a collaborative working group for traditional financial institutions to work atop of the company’s Besu Ethereum client
Citi Completes Private Market Tokenization Test Using Avalanche
17.2.2024
Citi, in alliance with Wellington Management, Wisdomtree, and ABN AMRO, completed a proof of concept for the tokenization of a private fund on top of the Avalanche blockchain. The test used Spruce, an Avalanche subnet, to tokenize the fund and transact the tokenized assets, which were programmed...
Citi Innovates with Avalanche Blockchain to Tokenize Private Equity Funds
15.2.2024
Big four American banking giant Citi has just completed a proof-of-concept (PoC) to tokenize traditional finance (TradFi) assets and distribute them on blockchain. The multinational investment bank and financial services corporation used Avalanche’s Evergreen subnet Spruce “for...
Citi, Wellington Management, & WisdomTree explore private market tokenization
15.2.2024
Citi announced that it has successfully conducted the Proof-of-Concept on the tokenization of private funds. The feat has been achieved in association with Wellington Management and WisdomTree, adding that PoC was done on the Avalanche Spruce institutional test subnet.The capabilities of smart...
Citi Bank Tests Tokenization of Private Equity Funds on Avalanche
14.2.2024
The firm tested a variety of use cases through Avalanche's subnet with a focus on private markets
Citi uses Avalanche to price and execute simulated FX trades
8.2.2024
Avalanche recently announced supporting Citi FX solution under project guidance. The network released an official post and tweet to inform users about the development. The post read that Citi leveraged Avalanche to test an app to price and execute bilateral spot FX trades. With Citi’s on-chain...
Octomilky cítí smrt: Po setkání s uhynulými družkami rychleji stárnou a dřív umírají
20.1.2024
Zvířata nepochybně vnímají smrt jinak než lidé, což ovšem neznamená, že ji nechápou vůbec. Ukazuje se, že dokonce i hmyz se s konečností života vyrovnává po svém
Former Citi Executives Launch New Bitcoin Product That Bypasses SEC Approval
7.1.2024
A group of former Citigroup executives has introduced a new product called bitcoin depository receipts. They explained that this crypto product does not need to be registered with the U.S. Securities and Exchange Commission (SEC). The new offering aims to be a “complementary” product...
Citi Alumni-Founded Startup to Offer Bitcoin Securities That Don't Need Green Light From SEC: Bloomberg
4.1.2024
RDC's aim is to address the institutional desire to bitcoin investment that may not be satisfied by a spot ETF
AvaCloud helps Citi test a unique application
17.11.2023
AvaCloud, an entity affiliated with Ava Labs, granted Citi the privilege of evaluating a pioneering application they had developed. Using a blockchain framework, this application calculates and executes simulated bilateral spot foreign exchange (FX) transactions. AvaCloud is a customized...
Singapore introduces five new pilots to test asset tokenization
15.11.2023
The latest initiatives led by the Monetary Authority of Singapore aim to develop foundational capabilities to scale tokenized markets
Banking Giants Abuzz About Tokenization of Real-World Assets as DeFi Craves Collateral
28.9.2023
JPMorgan, Citi and Franklin Templeton are digitizing traditional assets. Will they end up trading on crypto networks like Ethereum?
"Bye Bye" to Bitcoin? Robert Kiyosaki Weighs In on Citibank's Citi Token Services
27.9.2023
On Tuesday, renowned author and financial literacy advocate, Robert Kiyosaki, sparked off a spirited debate in the cryptocurrency sphere with his remarks on the future of Bitcoin and the US dollar.
The author, famed for his best-selling book "Rich Dad Poor Dad," shared his thoughts on the social...
Crypto Biz: Bidding war for SVB Capital, new crypto funds and Citi’s private blockchain
22.9.2023
This week’s Crypto Biz explores SVB Capital bids, new funds from Blockchain Capital, the Hut 8-US Bitcoin merger and Citigroup’s private blockchain
Citigroup Unveils Citi Token Services for Cash Management and Trade Finance
20.9.2023
Citigroup has announced the creation and piloting of Citi Token Services for cash management and trade finance. “Citi Token Services will integrate tokenized deposits and smart contracts into Citi’s global network, upgrading core cash management and trade finance capabilities,”...
Citigroup Unveils Token Services for Institutional Clients
19.9.2023
In a pilot, Citi used smart contracts to serve the same purpose as bank guarantees and letters of credit working with shipping company Maersk and a canal authority
Citi Token Services will provide payments, liquidity to institutional customers
18.9.2023
The new blockchain-based service will use tokenized deposits for trading and liquidity services after two pilots
Binance vs SEC: Hearing in Washington, DC, over BAM motion to compel starts now
18.9.2023
The SEC claims Binance has been uncooperative despite the crypto exchange agreeing to a consent order on discovery in the regulator's case against it