🚨 Traditional banks are starting to move financial products on-chain! Citi has taken another step this time 🔥
In March this year, Citi issued native digital structured notes on Euroclear's tokenization platform. Recently, Banco do Brasil directly used $5 million of its own funds to buy them, which is also described as the first related investment by a financial institution in Latin America.
In plain language, this is like how banks used to buy financial products through a bunch of traditional systems and processes; now they are starting to try turning products into “digital credentials” and letting them circulate directly on new digital financial infrastructure.
👀 What does this mean for the crypto market?
What is truly worth paying attention to is not the $5 million, but the changing attitude of traditional financial institutions.
In the past, the crypto industry studied how to bring capital on-chain; now banks themselves are beginning to ask: can bonds, notes, funds, and other traditional financial products be moved on-chain?
Citi is responsible for issuance, and a major Brazilian bank is directly buying with its own funds. This shows that “asset tokenization” is gradually moving from concept into the stage of real capital transactions.
📌 In one sentence: stablecoins are responsible for bringing capital on-chain, RWA is responsible for bringing assets on-chain, and once traditional banks participate on a large scale, on-chain finance may truly enter a new stage. 🌍🔥#Lululemon因指引疲软跌20%
In March this year, Citi issued native digital structured notes on Euroclear's tokenization platform. Recently, Banco do Brasil directly used $5 million of its own funds to buy them, which is also described as the first related investment by a financial institution in Latin America.
In plain language, this is like how banks used to buy financial products through a bunch of traditional systems and processes; now they are starting to try turning products into “digital credentials” and letting them circulate directly on new digital financial infrastructure.
👀 What does this mean for the crypto market?
What is truly worth paying attention to is not the $5 million, but the changing attitude of traditional financial institutions.
In the past, the crypto industry studied how to bring capital on-chain; now banks themselves are beginning to ask: can bonds, notes, funds, and other traditional financial products be moved on-chain?
Citi is responsible for issuance, and a major Brazilian bank is directly buying with its own funds. This shows that “asset tokenization” is gradually moving from concept into the stage of real capital transactions.
📌 In one sentence: stablecoins are responsible for bringing capital on-chain, RWA is responsible for bringing assets on-chain, and once traditional banks participate on a large scale, on-chain finance may truly enter a new stage. 🌍🔥#Lululemon因指引疲软跌20%
