Latest funding round brings the total capital raised by the fintech to $97 million since 2018.
In partnership with METACO, the custodian will develop a digital platform where clients can store and settle digital assets.
Regional leadership change comes at a pivotal time for Citi, which sees strong opportunities for growth in the securities services sector.
Leadership changes reflect the bank’s growth strategy that has targeted Europe as one of the key markets for its securities services business.
The investment management platform will use the injection of funds to bring on additional resources and identify new areas to expand its products and services.
Additional $15m investment from Citi Ventures, Deutsche Börse Group and Mediant takes the Series B investment total to over $50m.
Bimal Kadikar spent some 20 years with Citi, becoming global head of prime finance, futures & OTC clearing technology, before setting up Transcend Street Solutions in 2013. He discusses with Global Custodian the challenge of optimising collateral use across the enterprise and integrating ESG criteria into collateral management.
New head of custody for North America at Citi brings over 20 years' experience, with the last five and a half spent with Deutsche Bank.
Extended partnership will enable Mirae Asset Global Investment to expand its products across both passive and active investment solutions.
Taskize’s user interface will provide Citi’s custody clients with a direct means to contact their operational counterparts, replacing email.