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Banks have been advocating for creating 'tokenised' versions of assets like bonds and currencies using blockchain, but progress has been slower than anticipated. Despite the promise of improved efficiency and faster trades, challenges such as network fragmentation and cautious investors are hindering rapid adoption.
As tokenization gains popularity in the crypto industry, clearing house DTCC marked its presence in the acquisition space with the purchase of Securrency to gain a strong foothold for providing enhanced services to investors.
Breaking news headlines about Citibank, linking to 1,000s of sources around the world, on NewsNow: the one-stop shop for breaking news
As head of digital assets at Citigroup Inc C, Ryan Rugg spearheads Web3’s way into broad institutional adaptation. Rugg brings over two decades of experience…
Ryan Rugg, Citigroup's head of digital assets, will speak at Benzinga's Future of Digital Assets conference in New York City next month.