Report - finance
Report - finance
Citigroup allegedly wants to hire 100 employees for his new crypto team. "We believe in the potential of blockchain and digital assets, including the advantages of efficiency, immediate processing, fractionation, programming and transparency."
citigroup extends its crypto team
Citigroup allegedly wants to hire 100 employees to expand their Digital Asset team in the institutional business, Bloomberg reported on Monday, citing a person familiar with the matter.
According to a memo,PUNEET Singhvi becomes the employees of Bloomberg News The new head of the digital assets division within the institutional customer group of Citi. Singhvi was previously head of the blockchain and digital assets in Citi.
trading business In his new function, he reports to Emily Turner, who monitors business development for the broader group. Turner explained to the employees in the memo:We believe in the potential of blockchain and digital assets, including the advantages of efficiency, immediate processing, fractionation, programming and transparency.
"Puneet and his team will concentrate on working with important internal and external interest groups such as customers, start-ups and supervisory authorities," said Turner. You will provide specialist knowledge and a strategy for how various citi companies- including trade, securities services, investment banking as well as treasury and trade solutions- will use blockchain and digital assets.
CITIGROUP explained in a statement sent by email: "We focus on evaluating the needs of our customers in the field of digital assets", and explains:
Before we offer products and services, we examine these markets as well as the developing regulatory landscape and the associated risks to meet our own regulatory framework and supervisory expectations.
In addition, the publication found that Shobhit Maini and Vasant Viswanathan will be co-director for blockchain and digital assets for Citigroup's global market business. They report on BiSwarup Chatterjee, the company's head of innovation.
Turner found that the efforts of the institutional department of the company for digital assets are a continuation of its work with blockchain, and emphasized that “with our strategy, they correspond to researching new technologies, working together with partners, to develop solutions and to implement new skills that are made possible by robust governance and checks.”
Städtgruppe Started its digital asset division in June, to give customers access to cryptocurrencies. Until August, the company waited for the official approval. "Our customers are increasingly interested in this area and we are watching these developments," the law firm is quoted.
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