Citi, Goldman, other global banks and asset managers team up on stablecoin venture
The group will focus first on a U.S. dollar stablecoin for payments and digital asset settlement, with a euro token a priority for expansion.
Citi
JPMorgan, Citi, UBS test tokenized cross-border payments in BIS pilot
Some of the world’s biggest banks have completed real cross-border payments using tokenized money in a test led by the Bank for International Settlements (BIS), another sign that tokenization is moving into the plumbing of global finance. Project Agorá, which brings together five central banks… Read More
Bitcoin price could hit $143,000 in a year, Citi says, citing ETF and regulatory tailwinds
Amid the recent bearish price action, the headline on Citigroup’s 12-month outlook for bitcoin BTC$88.339,91 of $143,000 — or about 62% upside from the current $88,000 — will raise some eyebrows. “We forecast increased adoption of digital assets, spurred by potential U.S. digital-asset legislation in… Read More
Citi and DTCC Say Tokenized Collateral Works, Now Regulators Must Keep Pace
Tokenizing collateral and moving it instantly across borders is no longer a theory, it’s happening. But at a panel discussion at the SmartCon conference in New York on Wednesday, executives from Citi, DTCC and Taurus warned that while the technology has caught up, regulation hasn’t.… Read More