Categories: Market

Citigroup hires 100 employees for crypto department

Citigroup is looking for 100 employees to expand the digital asset team in the institutional business.

Puneet Singhvi will become the new director of the digital asset firm in Citigroup institutional client group, according to a memo to Bloomberg News staff. Singhvi was the blockchain and digital asset leader in Citi’s commercial business.

In his new role, Singhvi reports to Emily Turner, the manager who oversees the business of the larger group. Turner explains:

“We believe in the potential of blockchain and digital assets, including the benefits of efficiency, instant processing, sharding, programmability and transparency.”

“Puneet and the team will focus on interacting with key internal and external stakeholders such as customers, startups and regulators,” said Turner. You will provide expertise and strategies for using blockchain and digital assets in a variety of Citi companies including trading, securities services, investment banking, and treasury and commercial solutions.

“We focus on assessing customer needs in the area of ​​digital assets. Before we offer products and services, we thoroughly research the markets, the evolving regulatory landscape and the associated risks in order to meet the regulatory framework and expectations.

In addition, Shobhit Maini and Vasant Viswanathan will become Co-Heads for Blockchain and Digital Assets for Citigroup’s global market business. You will report to Biswarup Chatterjee, the head of innovation for this segment.

Turner emphasized that the digital assets OU’s efforts “are in line with the company’s strategy of researching new technologies, working with partners to develop solutions, and implementing new skills supported by strong governance and controls.”

Citigroup launched its digital assets division in June to provide customers with access to cryptocurrencies. By August, the company had applied to trade Bitcoin futures and was awaiting regulatory approval.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

CoinX

Recent Posts

Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level

Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…

24 minutes ago

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

2 hours ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

2 hours ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

3 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

4 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

5 hours ago

This website uses cookies.