Citi developed a public blockchain FX solution as part of Project Guardian, a Monetary Authority of Singapore tokenization initiative.
Citi worked with T.Rowe Price and Fidelity International on a permissioned instance of the Avalanche blockchain. Separately, T. Rowe Price (AUM $1.3 trillion) has been working for a while on FX Swaps on Avalanche.
“While blockchains have demonstrated promise for streamlining post-trade processes, our objective is to drive improvement at all stages of the trade life cycle, including pre-trade and execution,” said Shobhit Maini, Co-Head of Digital Assets for Markets at Citi.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
