The Citigroup conglomerate has created a cryptocurrency unit for institutional clients
The new department plans to hire 100 employees
23.11.2021 - 12:55
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What’s new? The financial institution Citigroup has announced the launch of a cryptocurrency unit within its institutional client services group.
Citibank is hiring 100 people for its crypto team.The bank wants to meet the increasing demand. It also wants to explore new crypto products and investments. pic.twitter.com/k5k3inSD65— Blockworks (@Blockworks_) November 22, 2021
What is known about the new unit? The head of the unit will be Puneet Singhvi, the former Citigroup head of the blockchain and digital assets department at global markets operation. The new unit plans to hire 100 employees.
The team will be tasked with shaping the conglomerate's strategy for applying the blockchain and digital assets. Citigroup noted the new initiative is a logical extension of its work in the digital space.
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