Citigroup Creates New New Non-Custodial Bitcoin Product

Citigroup Creates New New Non-Custodial Bitcoin Product
Citigroup has reportedly developed a new way for institutional investors to gain exposure to Bitcoin without owning any, Business Insider reports September 10. Citi’s ‘Digital Asset Receipt’ Citing “people familiar” with the bank’s “plans,” the publication reveals the US giant is aiming to leverage a version of traditional finance tool the American Depository Receipt (ADR) for Bitcoin, creating the Digital Asset Receipt (DAR). “The foreign stock is held by a bank, which then issues theRead MoreThe post Citigroup Creates New New Non-Custodial Bitcoin Product appeared first on Bitcoinist.com. For Further Information Click on Below Button
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