Citigroup Creates New New Non-Custodial Bitcoin Product12.37

Citigroup has reportedly developed a new way for institutional investors to gain exposure to Bitcoin without owning any, Business Insider reports September 10.

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).

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