Citigroup is going to hire 100 new roles to task its institutional digital assets division that includes blockchain and digital currencies in a push to tap into a sector that has lately been gaining mainstream appeal. The team will be led by Puneet Singhvi, head of blockchain at Citi’s global markets operation. Singhvi will be overseeing the bank’s venture into crypto markets and provide the corporation with a strategic plan to introduce new products along with bringing in clients and investments. Singhvi will report to Emily Turner, head of business development for the Institutional Clients Group. Citi first launched its digital assets division in June this year. As many companies move into the sector, regulatory authorities have increased their scrutiny of digital transactions and novel business models. The new division will be employed with internal and external hires, a Citi spokesperson told Reuters, and will be located in crypto-finance hotspots …
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