Citigroup CEO Champions Tokenized Deposits, Claims Stablecoins Steal Spotlight
Wall Street's waking up to blockchain's real value—and it's not where you think.
Jane Fraser just dropped a truth bomb at the Digital Asset Summit. While everyone's obsessing over stablecoins, Citigroup's CEO says the real game-changer is tokenized deposits. Traditional finance finally gets it—blockchain isn't just for crypto bros.
Why This Matters
Tokenized deposits could revolutionize settlement systems overnight. Instant settlements, reduced counterparty risk, and regulatory clarity—something stablecoins still can't figure out after all these years. Fraser's pushing for institutional adoption while the rest of the sector chases retail hype.
The Banking Revolution
Citigroup's already running pilot programs with major corporates. They're seeing settlement times cut from days to seconds—and that's before full implementation. Meanwhile, stablecoin providers keep promising banking integration while delivering... well, more promises.
Wall Street's finally building the future instead of just talking about it. Tokenization's about to make traditional finance look smart—which, given their track record, would be quite the achievement.
