American Bank Citi hiring for crypto initiatives

American multinational Bank Citigroup planned to dive with very high potential in the crypto and blockchain industry. For this initiative, they are hiring crypto talents for different roles. 

In the present time, crypto demand is at a tremendous level. Every firm wants to integrate their services in crypto but they are helpless at some sides because of the non-availability of high-level banks and a better ecosystem. To solve these issues, Big banks needed to enter the blockchain and crypto startups to ensure better support to this space. 

In the latest, American multinational investment bank Citi group announced that they hired Puneet Singhvi to lead the digital assets initiative of the Citi group’s division of its Institutional Clients Group (ICG). Mr Puneet will lead the division of the digital assets from the first date of December. 

To establish a better ecosystem and infrastructure of the ICG in the crypto industry, they are also hiring around 100 personnel for the division of its digital assets. These new hires will work on crypto and blockchain-based initiatives. 

This step of the Citi group is a clear Indication that they came to know about this industry much perfectly, so they are doing more expansion in the crypto initiatives. Mr Puneet was already doing work in the blockchain and digital assets in Citi’s trading business at the role of head. 

Citigroup has its hand in the whole world, which issues credit card facilities to institutions, banks, and many corporate businesses including government authorities. 

Emily Turner, the head of business development at the ICG, asserted about the steps of Citigroup toward the expansion of the digital assets-based business to their clients, through an email. 

“Before offering any products and services, we are studying these markets, as well as the evolving regulatory landscape and associated risks to meet our regulatory frameworks and supervisory expectations.”

Emily further said that they are aware of the potential of blockchain technology, which is responsible for instant processing, fractionalization, programmability, and transparency with better efficiency. 

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