Citigroup is latest bank to offer crypto custody solution

posted 11 months ago
Citigroup has created what it's calling a Digital Asset Receipt or DAR, thought to be the most direct way to invest in cryptocurrencies without owning them, according to people with knowledge of the project. The DAR works much like an American Depository Receipt, which gives US investors the ability to invest in foreign stocks that aren't traded on US exchanges.

The structure would place cryptocurrencies within existing regulatory regimes and give big Wall Street investors a less risky way of investing in the asset class.
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