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As part of the effort, the firm tapped Puneet Singhvi to be its new head of digital assets inside the institutional-clients group. Singhvi’s team will provide expertise and outline a strategy for how the different businesses -- which includes trading, securities services, investment banking and its treasury and trade solutions arm -- will use blockchain and digital assets.
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“We are focused on assessing the needs of our clients in the digital-asset space,” Citigroup said in an emailed statement. “Prior to offering any products and services, we are studying these markets, as well as the evolving regulatory landscape and associated risks in order to meet our own regulatory frameworks and supervisory expectations.”
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