{"id":8768,"date":"2021-06-25T15:54:03","date_gmt":"2021-06-25T15:54:03","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/citigroup-launches-digital-assets-group-to-provide-clients-access-to-cryptocurrencies\/"},"modified":"2021-06-25T15:54:03","modified_gmt":"2021-06-25T15:54:03","slug":"citigroup-launches-digital-assets-group-to-provide-clients-access-to-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/citigroup-launches-digital-assets-group-to-provide-clients-access-to-cryptocurrencies\/","title":{"rendered":"Citigroup Launches Digital Assets Group to Provide Clients Access to Cryptocurrencies"},"content":{"rendered":"<p><strong>Citigroup has reportedly set up a \u201cdigital assets group\u201d to offer clients access to cryptocurrencies, which will operate within the bank\u2019s wealth management division.<\/strong><\/p>\n<p>Citigroup has established a \u201cdigital assets group\u201d within its wealth management unit, according to a memo to staff seen by Bloomberg.<br \/>\nIain Armitage, global head of capital markets for Citi Private Bank, and Rob Jasminski, who oversees the bank\u2019s investment management arm globally, said in the memo that the new digital assets group will be led by Alex Kriete and Greg Girasole, the publication conveyed. They will serve as liaisons to \u201call other business groups at Citi who are expanding into this rapidly emerging space also,\u201d the memo says. In addition:<\/p>\n<p>They will be responsible for developing our future product capabilities, client delivery mechanisms and thought leadership around all digital assets.<\/p>\n<p>The memo further explains that Citigroup plans to help clients invest in cryptocurrencies, stablecoins, non-fungible tokens (NFTs), as well as central bank digital currencies (CBDCs).<\/p>\n<p><!-- growjs zone placement 31 -->   <!-- end of growjs zone placement --> <\/p>\n<p>In May, the Financial Times <a href=\"https:\/\/news.bitcoin.com\/citi-very-rapid-accumulation-of-interest-bitcoin-contemplates-launching-crypto-services\/\">reported<\/a> that Citigroup was contemplating launching crypto services after seeing a \u201cvery rapid\u201d accumulation of interest in bitcoin across a broad spectrum of clients, including large asset managers.<br \/>\nIn March, the firm said bitcoin was at a tipping point and could become the <a href=\"https:\/\/news.bitcoin.com\/citigroup-bitcoin-tipping-point-preferred-currency-international-trade\/\">preferred<\/a> currency for international trade.<br \/>\nAt the end of May, Citigroup CEO Jane Fraser gave her <a href=\"https:\/\/news.bitcoin.com\/bank-of-america-citigroup-wells-fargo-cryptocurrency\/\">testimony<\/a> on cryptocurrency before the Senate banking committee. She stated that Citigroup was taking a \u201cmeasured approach\u201d to cryptocurrency as the bank sought \u201cto understand changes in the digital asset space and the use of distributed ledger technology, including demand and interest by our clients, regulatory developments and technology advancements.\u201d<\/p>\n<p><em><strong>What do you think about Citigroup providing access to cryptocurrencies? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p>Bitcoin News<br \/>\nNews, Citi, citi crypto, citi digital asset group, CitiBank, CitiGroup, crypto trading desk, digital asset group, digital assets group<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Citigroup has reportedly set up a \u201cdigital assets group\u201d to offer clients access to cryptocurrencies, which will operate within the bank\u2019s wealth management division. Citigroup has established a \u201cdigital assets group\u201d within its wealth management unit, according to a memo to staff seen by Bloomberg. Iain Armitage, global head of capital markets for Citi Private&hellip;<\/p>\n","protected":false},"author":0,"featured_media":8769,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-8768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8768"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=8768"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8769"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}