Citibank's survey unveils global securities firms' eagerness for CBDCs, highlighting their potential to revolutionise settlement cycles and reshape financial landscapes
A survey conducted by Citibank has unveiled that 87 percent of global securities firms are looking for central bank digital currencies (CBDCs) to expedite financial settlement cycles. The study highlights the pivotal role that institutional investors, banks, and asset managers play in driving the widespread adoption of CBDCs.
The writer is the founder at yMedia. He ventured into crypto in 2013 and is an ETH maximalist. Twitter: @bhardwajshash