The bank says the partnership enables it to move into offering digital asset services while tapping into its current technological, operating and servicing model. It is understood the bank is exploring custody capabilities for tokenised securities, specifically.
“We are witnessing the increasing digitisation of traditional investment assets along with new native digital assets. We are innovating and developing new capabilities to support digital asset classes that are becoming increasingly relevant to our clients,” says Okan Pekin, global head, securities services, Citi.
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