The Defiant·
Citigroup is making tokenized interests in private companies available to wealth-management and institutional clients on SIX Digital Exchange, the Wall Street Journal reported. The bank has already completed its first transaction and is in talks with additional private firms.
Read full articleCrypto data and media company Blockworks has acquired rival research platform Messari at a discount to its prior valuation, the Wall Street Journal and Bloomberg reported Friday. The deal joins two of the most prominent names in the crypto intelligence space.
Citigroup is creating a blockchain-based service that lets wealthy and institutional clients trade exposure to private companies through tokenized depositary receipts. The bank is starting with foreign investors and plans to expand access to U.S. clients later. Citigroup Courts Top Private Firms With New Blockchain Marketplace for Investors Citigroup is moving further into tokenized finance […]
SpaceX shares have drawn a fair value estimate of $63 from Morningstar even as bullish forecasts have pushed price targets as high as $190 following the company’s public market debut. According to a Wall Street Journal report, analysts at Morningstar…
The SpaceX IPO underscores the growing synergy between wealth management and capital markets, enhancing banks' revenue and client relations. The post JPMorgan highlights potential gains for banks from SpaceX IPO appeared first on Crypto Briefing.
BitGo has introduced Lightning Earn, a product that lets institutional clients allocate Bitcoin to Lightning Network routing channels. The product uses Amboss Technologies’ Rails platform to manage liquidity routing across Lightning payment paths. Participants earn fees in Bitcoin from routed…
Amazon has signed a $17.5 billion delayed draw term loan with a syndicate of lenders including Citigroup, JPMorgan Chase, Wells Fargo, HSBC, and BofA Securities, giving the company flexibility to draw down funds on its own timeline for what it described as general corporate purposes. The deal follows a reported $14 billion Canadian bond sale […]
Citi has opened a regulated blockchain route into private-company shares, giving Wall Street another live test of tokenization beyond crypto-native trading. The Wall Street Journal reported June 11 that Citigroup is rolling out tokenized shares of private companies for wealthy and institutional clients, initially limited to foreign investors, with the bank hoping other financial institutions […]
AI adoption in wealth management highlights a tech-driven shift, emphasizing operational efficiency and client service enhancement as key growth drivers. The post BlackRock reports 68% of advisors use AI in their practices appeared first on Crypto Briefing.
