Citigroup is reportedly looking to hire 100 people for its new crypto team. “We believe in the potential of blockchain and digital assets including the benefits of efficiency, instant processing, fractionalization, programmability, and transparency.”

Citigroup Growing Its Crypto Team

Citigroup is reportedly looking to hire 100 people to grow its digital asset team within its institutional business, Bloomberg reported on Monday, citing a person familiar with the matter.

Puneet Singhvi will be the firm’s new head of digital assets within Citi’s institutional client group, according to a memo to staff seen by Bloomberg News. Singhvi was previously head of blockchain and digital assets within Citi’s trading business.

In his new role, he will report to Emily Turner, who oversees business development for the broader group. Turner explained in the memo to staff:

We believe in the potential of blockchain and digital assets including the benefits of efficiency, instant processing, fractionalization, programmability, and…

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Source: https://news.bitcoin.com/citigroup-hire-100-people-crypto-division/