Citigroup, Fidelity International Unveil Proposal for On-Chain Fund With Real-Time FX Swaps
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Republican Sweep in U.S. Election Would be the Most Bullish Outcome for Coinbase and the Crypto Market: Citi
[Oct 18 10:33 AM] Republican control of the Senate would be key to passing bills such as FIT21 and appointing pro-crypto agency leaders, and digital asset reform would likely happen sooner with both chambers aligned, the report said.
Senator Warren Slams Citibank’s Ongoing Failures — Suggests Breaking up Citi
[Oct 5 3:30 AM] Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be…
Crypto Market to Stay Highly Correlated to Stocks Amid Macro Events and Dwindling Network Activities, Citi Says
[Sep 6 1:11 PM] Digital assets are expected to stay highly correlated with equities amidst the upcoming macro calendar, the report said.
Crypto Market Has Struggled Since Spot Ether ETFs Started Trading: Citi
[Aug 27 8:49 AM] Demand for digital assets has dried up in recent weeks and both bitcoin and ether ETFs have seen net outflows in the last month, the report said.
Coinbase Upgraded to Buy From Neutral on Improving Regulatory Risk: Citi
[Jul 23 5:31 AM] The Wall Street bank increased its price target on the crypto exchange’s shares to $345 from $260.
Ether Spot ETFs Could See Up to $5.4B of Net Inflows in First 6 Months: Citi
[Jul 16 3:17 AM] Spot ether exchange-traded funds are expected to see 30%-35% of bitcoin ETFs' net inflows, and may disappoint due to a number of other factors such as the lack of staking, the report said.
Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies
[Jul 10 3:31 PM] The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies…
Citi: Brazil Is at the Top of Digital Money Initiatives in Latam
[Apr 29 11:38 PM] A recent report by Citi, a global financial institution, has put Brazil at the top of the nations leading the digital money initiatives in Latin America. The report states that Brazil features a combination of factors that ease the adoption of…
Citi and Brazilian Development Bank Join Hyperledger Foundation
[Mar 19 6:00 AM] 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
[Feb 16 9:00 PM] 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…
Citibank Tests Tokenization of Private Equity Funds on Avalanche
[Feb 14 9:39 AM] The firm tested a variety of use cases through Avalanche's subnet with a focus on private markets.
Citi Alumni-Founded Startup to Offer Bitcoin Securities That Don't Need Green Light From SEC
[Jan 4 6:13 AM] RDC's aim is to address the institutional desire to bitcoin investment that may not be satisfied by a spot ETF.
Singapore introduces 5 new pilots to test asset tokenization
[Nov 15, 2023 4:14 AM] The latest initiatives 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
[Sep 28, 2023 11:18 AM] JPMorgan, Citi and Franklin Templeton are digitizing traditional assets. Will they end up trading on crypto networks like Ethereum?
Crypto Biz: Bidding war for SVB Capital, new crypto funds and Citi’s private blockchain
[Sep 22, 2023 3:00 PM] 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
[Sep 19, 2023 10:00 PM] 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…
Citigroup Unveils Token Services for Institutional Clients
[Sep 19, 2023 3:26 AM] 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
[Sep 18, 2023 1:00 PM] The new blockchain-based service will use tokenized deposits for trading and liquidity services after two pilots.
New York Federal Reserve and US Banks Complete Programmable Dollar CBDC Test
[Jul 7, 2023 11:30 PM] The New York Federal Reserve and a group of financial institutions announced the successful conclusion of a proof-of-concept of the Regulated Liability Network (RLN), which contemplates the introduction of a dollar-based interbank central bank…
Coinbase stock will be ‘weighed down’ until US rules are clear: Citi
[May 2, 2023 6:41 PM] The investment bank downgraded Coinbase stock to "Neutral" amid the exchange's ongoing battle with U.S. regulators.
Coinbase Faced With Too Much Regulatory Uncertainty, Rating Cut to Neutral: Citi
[May 2, 2023 6:38 AM] The bank slashed its price target for the crypto exchange to $65 from $80.
Citi Analysts Predict ‘Near-Perfect Conditions’ for Silver’s Ongoing Bull Market; Experts Suggest $30 an Ounce a Possibility
[Apr 22, 2023 9:30 AM] The price of silver fell 2.85% against the U.S. dollar last week. However, taking a broader perspective, the precious metal has made significant gains this year. Over the past six months, silver has risen more than 29% against the greenback, and as…
‘Killer use case’: Citi says trillions in assets could be tokenized by 2030
[Mar 30, 2023 6:59 PM] The bank predicts the private equity market to become the most “tokenized” asset class because it is more liquid and can be fractionalized.
'Metaverse’ a top 3 contender for Oxford’s Word of the Year
[Nov 22, 2022 11:32 PM] Oxford University has opened public voting for the first time with polls set to close on Dec. 2.
New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’
[Nov 19, 2022 4:30 PM] Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlement between central banks, commercial banks, and…
Citi Analyst Warns of ‘Serious’ Contagion Risk to Crypto Ecosystem From FTX Failure
Metaverse of Entertainment Expected to Grow to Almost $29 Billion Driven by Consumer Spending by 2026, Study Says
[Nov 15, 2022 4:30 AM] A study from Technavio, a market research firm, has predicted that the area of the metaverse dedicated to entertainment, including virtual concerts, video games, and movies, will grow to $28.92 billion in value from 2021 to 2026. The report states…