Institutional demands are increasing in the cryptocurrency, blockchain space. In this context, global banking giant CitiBank, a subsidiary of Citigroup founded by the Rockefeller family, is also taking steps in this area.

According to the information conveyed; Global banking giant Citi is hiring 100 people to strengthen its blockchain and digital assets division. Citi has made Puneet Singhvi head of digital assets for the corporate client group (ICG) at Citi.

Singhvi will report to Emily Turner, head of business development for the Enterprise Clients Group at Citi. Shobhit Maini and Vasant Viswanathan will be co-chairs of blockchain and digital assets for Global Markets.

According to the information shared with CoinDesk; In addition to the senior reshuffles announced Monday, the company plans to “recruit additional staff for the digital assets department over the next few months and release new roles across ICG businesses, functions and the ICG Business Development team.”

Citi's statement in the e-mail sent to the company;

   We are focused on assessing our customers' needs in the digital asset space. Before offering any products or services, we examine these markets, as well as the evolving regulatory environment and associated risks, to meet our own regulatory frameworks and audit expectations.

The company is expected to take more concrete steps in the coming period to improve its crypto-related capabilities.