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A Citigroup job ad suggests blockchain initiatives are heating up at the bank

JPMorgan’s got JPMCoin. And Goldman Sachs has its “bitcoin” trading desk. 

But don’t sleep on Citigroup. The New York-based financial services firm appears to be just as deep in the blockchain world as its cross-town rivals — at least according to a recent crypto job ad. 

As per a LinkedIn ad for a blockchain role, one unit of the bank — Citi Markets and Securities Services — is working on initiatives across the crypto landscape. 

“Citi Markets and Securities Services business is working on a number of Blockchain/ Distributed Ledger Technology (DLT) and Digital Asset initiatives that span asset classes, businesses and regions,” the bank notes. The product manager position is no longer accepting applications (sorry hopefuls!). 

The ad asserts that the bank has a wide-range of crypto clients, noting: 

“We are working with clients, Financial Market Infrastructures (FMIs) (i.e., exchanges, clearing houses, and settlement venues), and FinTech providers. These initiatives have continued to grow and are in various stages of the innovation and deployment funnel. We expect our engagement to continue to expand as Blockchain/DLT technology continues to evolve and will impact our business on multiple fronts.”

The role would play a “key part” in driving “multiple internal and external engagements,” according to Citigroup.

Still, a recent report by CoinDesk shows the bank stepped away from one notable crypto project, dubbed Citicoin. The JPMCoin-like project was never announced and was being worked on out of its Ireland offices.

Reporting by Frank Chaparro.