By adding onshore capabilities, Citi can do more for clients in China’s domestic capital markets.
The move will consolidate Standard Chartered’s digital asset custody businesses.
Institutions want multi-chain optionality to move wholesale money across both web3 and tradfi ecosystems.
The use of stablecoins is attracting growing attention as a means of advancing payments through blockchain.
The remaining regulatory processes to complete the offer are expected around year end.
Fixed income is the largest asset class in global finance.
The launch marks a global first for the bank & the first offering of its kind by an international bank in UAE.
The acquisition brings Payward an EU banking license.
This marked the first use of tokenized assets on a major triparty repo platform.
