Citi Ventures Backs Its First Digital Asset Manager, Co-Leading a $6M Round in Xalts

Citi Ventures Backs Its First Digital Asset Manager, Co-Leading a $6M Round in Xalts

“With xalts, we are building innovative, institutional-grade investment products and solutions which focus on high compliance and control standards – things institutional investors care about,” said xalts Chief Investment Officer Ashutosh Goel, formerly of HSBC, in the press release. “The next leg of growth in digital assets will be driven by institutional participation in the asset class. We are starting to see the early signs of that with a lot of new initiatives coming from banks and asset managers.”

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