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A tenth of the global post-trade market turnover is expected to be handled through stablecoins and tokenized securities in less than five years, according to a survey by Citi.
The investment bank said in a Securities Services Evolution report released on Tuesday that bank-issued stablecoins were seen as the main method to support collateral efficiency, fund tokenization and private market securities.
The report polled 537 custodians, banks, broker-dealers, asset managers and institutional investors in the Americas, Europe, Asia Pacific and the Middle…
