TLDR - Citi's Stablecoin + Crypto Plans from earnings:
- Citi clients want real-time multi-asset, multi-bank, x-border solution w/ compliance, accounting all solved
- Citi Looking at 4 areas: ramps (fiat <-> crypto), reserve management, own stablecoin + tokenized deposits
- Citi Token Services: will let client move assets from NY -> HK -> UK instantly w/out incremental tx costs of going fiat to digital and back. Will also provide financing and liquidity
- On a Zelle style bank consortium w/ BoA + JPM: need Genius Act for regulatory clarity
- Citi clients want real-time multi-asset, multi-bank, x-border solution w/ compliance, accounting all solved
- Citi Looking at 4 areas: ramps (fiat <-> crypto), reserve management, own stablecoin + tokenized deposits
- Citi Token Services: will let client move assets from NY -> HK -> UK instantly w/out incremental tx costs of going fiat to digital and back. Will also provide financing and liquidity
- On a Zelle style bank consortium w/ BoA + JPM: need Genius Act for regulatory clarity
• • •
Missing some Tweet in this thread? You can try to
force a refresh
