NYSE:CBanks
Citigroup Targets Stablecoin Rivals With Tokenized Deposits And New Leadership
Citigroup (NYSE:C) has joined JPMorgan Chase and Bank of America in launching a shared tokenized deposit network to offer blockchain based, real time settlement.
The new network is designed to keep deposits within the regulated banking system and respond to competition from stablecoins and other crypto payment options.
At the same time, Citigroup is pursuing internal leadership changes, combining selected executive roles and appointing new senior leaders.
For investors tracking NYSE:C, this...