🚀 Tokenized Deposits to Drive Future Financial Infrastructure, Says Citigroup CEO
#TokenizedDeposits #Tokenization #Citigroup #JaneFraser #DigitalAssetInfrastructure #CrossBorderPayments #RealTimePayments #Interoperable #Stablecoins #Regulation #Compliance #AntiMoneyLaundering #TaxReporting #InstitutionalClients #FinancialMarketsInfrastructure #AssetIssuance #TokenizedAssets
According to PANews, Citigroup CEO Jane Fraser has emphasized that tokenized deposits, rather than stablecoins, will be the primary driver of next-generation payment and financial market infrastructure. During the third-quarter earnings call, Fraser highlighted that institutional clients are seeking low-cost, compliant, and seamless real-time cross-border fund flows. She stated that tokenized deposits offer the most secure, reliable, multi-bank interoperable, and always-on payment solutions.
Citigroup has heavily invested in digital asset infrastructure, with its tokenization services connecting over 250 banks across more than 40 markets to enable instant transfers. However, Fraser noted that widespread adoption faces challenges as corporate finance departments struggle to adapt to a 24/7 financial environment. While Citigroup will continue to support stablecoins, Fraser pointed out that stablecoins come with compliance burdens such as anti-money laundering and tax reporting, which tokenized deposits can avoid.
Fraser cautioned against excessive hype around stablecoins, asserting that most issues can be addressed through tokenized deposits. She also mentioned that the future of tokenization will extend beyond payments, with various asset issuances and settlements becoming tokenized. Regulatory efforts are pushing for responsible innovation, and Citigroup plans to incorporate these advancements into its toolkit.#TokenizedDeposits #Tokenization #Citigroup #JaneFraser #DigitalAssetInfrastructure #CrossBorderPayments #RealTimePayments #Interoperable #Stablecoins #Regulation #Compliance #AntiMoneyLaundering #TaxReporting #InstitutionalClients #FinancialMarketsInfrastructure #AssetIssuance #TokenizedAssets
🚀 Ethereum Developers Face Challenges in Glamsterdam Upgrade Timeline
#Ethereum #developers #challenges #Glamsterdam #upgrade #timeline #PANews #EIP7732 #interoperable #EIP7928 #Teku #nodeperformance #mainnet #HeadlinerEIP #Hegota #EIP7688 #ETH
Ethereum developers are confronting significant challenges in aligning the scope and timeline for the Glamsterdam upgrade, according to PANews. During the 173rd Ethereum consensus layer core developers meeting, it was acknowledged that substantial reductions in the upgrade's scale might be necessary to meet the mid-year launch target. Although developers have not explicitly confirmed a mismatch between the upgrade's scope and the proposed timeline, they recognize the potential issue and aim to resolve it by the end of February.
The meeting discussed the possibility of removing EIP 7732 from Glamsterdam if an interoperable version cannot be achieved by late February, postponing it to a future hard fork. Additionally, updates on other developments were shared: Consensys' Teku client team reported node performance issues discovered during mainnet stress testing, which are being addressed and have delayed their participation in Glamsterdam. EIP 7928 requires minor API change reviews by consensus layer clients, while the deadline for submitting the Headliner EIP proposal for the Hegota upgrade is February 4. Some client teams have completed preliminary work on library updates to support EIP-7688.#Ethereum #developers #challenges #Glamsterdam #upgrade #timeline #PANews #EIP7732 #interoperable #EIP7928 #Teku #nodeperformance #mainnet #HeadlinerEIP #Hegota #EIP7688 #ETH