Nexo Taps Citibank for Assistance on Potential Acquisitions as Crypto Markets Struggle

Nexo has tapped Citibank for assistance on potential acquisitions as well as liquidity provision to faltered crypto platforms amid the market downturn.

Nexo hires Citibank to advise on acquisitions during market turmoil

“We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms. Crypto lending platform Nexo, says that its strong balance sheet means it can ride to the rescue to provide liquidity during the current market turmoil by acquiring the assets of struggling crypto firms. In a blog post, Nexo announced that it is currently receiving advice from banking giant Citigroup on how best to acquire the assets of insolvent crypto firms so that investors can regain access to blocked funds.

Citibank Building Crypto Custody Service, Says Mass Digitization of Traditional Investments Taking Place

Financial services giant Citibank is creating a crypto custody service, saying that a mass digitization of traditional investments is already underway.

DeFi Project ChangeX Lands Advisory Board From Major Industry Giants, Oversubscribes ICO by 180%

June 9, 2022 – Sofia, Bulgaria Hybrid banking/DeFi project ChangeX is proud to announce the onboarding of a new advisory board, with experts of SoftBank, Merrill Lynch and Citibank fame.

DeFi Project ChangeX Lands Advisory Board From Major Industry Giants

[PRESS RELEASE – Sofia, Bulgaria, 9th June 2022] Hybrid Banking/DeFi project ChangeX is proud to announce the onboarding of a new advisory board, with experts of SoftBank, Merrill Lynch, and Citibank fame.

Citigroup CEO: Europe More Likely to Head Into Recession Than US

Citigroup CEO Jane Fraser warns that a recession is more likely in Europe than in the US Nonetheless, she stressed that it is not easy for the US to avoid a recession.