NEW YORK: Citi and Coinbase announced intention to collaborate on digital asset payment capabilities for Citi’s institutional clients and explore additional global clients in the future, further solidifying both companies’ market leadership in payment solutions. The initial phase of their collaboration focuses on fiat pay-ins/pay-outs, supporting Coinbase’s on/off-ramps—the bridge between traditional fiat and digital asset…
Tag: Citi
Global banks agree to invest £170 million in LSEG’s Post Trade Solutions business
LONDON: London Stock Exchange Group (LSEG) today announced that 11 leading global banks have agreed to invest in its Post Trade Solutions business, taking a 20% stake. The investing banks will each become shareholders in Post Trade Solutions, acquiring the stake for aggregate cash consideration of £170 million, valuing the whole of Post Trade Solutions at £850 million….
Qupital welcomes HSBC and Citi as senior investors of securitization facility
HONG KONG: Qupital, Asia’s leading data-driven fintech platform specializing in supply chain financing solutions for e-commerce businesses, announced the successful refinancing of its securitization facility, where HSBC joins Citigroup as a senior lender in this strategic expansion of the facility. This development marks a significant milestone in Qupital’s growth and its commitment to enhancing financial…
Citi invests in fintech startup Exponential Markets to boost risk mitigation tools
Citi has invested in Exponential Markets, a fintech startup that is developing tradable financial instruments for new and underserved markets, such as the automotive sector. Exponential Markets, formerly branded Exponential Exchange, announced a strategic investment from Citi through its Markets Strategic Investments unit. The investment was part of Exponential’s seed round, which raised over $10…
Competition Commission approves NAB’s proposed acquisition of Citi’s consumer business
SYDNEY, AUSTRALIA: The Australian Consumer and competition Commission (ACCC) will not oppose the proposed acquisition of Citigroup Australia Pty Limited’s Australian consumer business (Citi) by National Australia Bank Limited (ASX: NAB) after a review found the transaction would not substantially lessen competition. NAB and Citi overlap in the supply of consumer banking products and services,…