Citigroup Doubles Down on Crypto: Banking Giant Plots Stablecoin & Tokenized Deposits in Bold Digital Asset Play

Wall Street's sleeping giant just woke up to crypto—and it's packing heat. Citigroup's diving headfirst into digital assets with a two-pronged attack: a proprietary stablecoin and tokenized deposit system that could rewrite the rules of institutional finance.

From Teller Windows to Token Wallets

The bank's playing catch-up with JPMorgan's JPM Coin, but Citi's betting its 200-year-old balance sheet can out-muscle crypto-native upstarts. Tokenized deposits—essentially blockchain-powered IOUs—could give corporate clients instant settlements without the volatility headaches.

The Regulatory Tightrope Walk

Insiders whisper the project's already survived three rounds of legal review. Because nothing says 'compliance' like a megabank launching what amounts to a private central bank digital currency—just as the SEC cracks down on everyone else's tokens.

Finance's Worst Kept Secret

Let's be real: this isn't about democratizing finance. It's about protecting Citi's $2.3 trillion asset empire from blockchain disruption—with the same profit motives that made them bundle subprime mortgages in 2008. The revolution will be tokenized... and thoroughly monetized.