Citigroup Preparing New, Less-Risky Crypto Product for Investors27.82

New York-based multinational financial services and investment bank, Citigroup, has reportedly created a new, less risky way of investing in cryptocurrencies in hopes of potentially luring investors who are still on the fence and reluctant to invest in the space due to the risks associated with crypto assets.

According to a new report from Business Insider, citing sources “with knowledge of the project,” American banking giant Citigroup has developed what it calls the Digital Asset Receipt – something that Business Insider says “may be a game changer for the industry.” The project is said to be a collaboration between the Citigroup’s capital markets origination team and depository receipts team.

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