Citi survey: more firms exploring blockchain despite FTX setback
A recent Citi report provides an in-depth Analysis of the growth, challenges, and regional variations in the adoption of digital assets and distributed ledger technology (DLT) over the past year. On Aug. 23, Citi presented a comprehensive Analysis of the developments and challenges faced by the digital assets and distributed ledger technology (DLT) sector. Despite the setbacks of 2022, particularly for some crypto firms like FTX, the research offers an optimistic perspective on the evolution of DLT and digital assets. The report points out that a larger number of companies are now engaging with and showing interest in DLT and digital assets. The data shows a significant jump, from 47% of firms in 2022 to 74% in 2023. This increased engagement has led to the management of billions of USD through DLT platforms, involving over 20 major global financial institutions. You might also like: Terra blockchain shuts down its website to prevent phishing Interestingly, the challen...