Citigroup CEO Advocates for Tokenized Deposits Over Stablecoins in Digital Assets Strategy

Citigroup's CEO Jane Fraser has expressed strong support for tokenized deposits while suggesting the cryptocurrency industry focuses excessively on stablecoins. In recent statements, Fraser emphasized that tokenized banking deposits represent a more natural evolution for financial institutions entering the digital asset space. The banking executive highlighted that tokenized deposits could provide greater regulatory clarity and institutional comfort compared to stablecoins. This positioning comes as major financial institutions increasingly explore blockchain technology and digital asset integration. Citigroup has been actively developing its digital assets capabilities, including exploring tokenization services for institutional clients. The comments signal a strategic direction for one of Wall Street's largest banks in the evolving cryptocurrency landscape.