Citi Ventures has invested in digital asset startup xalts alongside Accel India and others. Hong Kong headquartered xalts was co-founded this year by former HSBC trader Ashutosh Goel and ex Meta Asia executive Supreet Kaur.
“The next leg of growth in digital assets will be driven by institutional participation in the asset class,” said Goel, xalts Chief Investment Officer. “We are starting to see the early signs of that with a lot of new initiatives coming from banks and asset managers.”
The startup aims to release ETFs and mutual funds for cryptocurrencies. It also has platforms for tokenizing structured products and tokenized funds.
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