Citi is increasing its involvement in the cryptocurrency sector with an investment in stablecoin company BVNK.

Citigroup's Investment in BVNK

Citigroup’s venture capital division has made an investment in BVNK, a stablecoin company based in London.

BVNK's Function

BVNK provides infrastructure for businesses to hold, transact, and distribute stablecoins.

Industry Trend

This investment reflects a broader trend of Wall Street firms increasing their involvement in blockchain technologies and payment systems.

Focus on Blockchain Payments

The move signals an acceleration of Wall Street’s efforts to participate in the burgeoning market for blockchain-powered payments.