Ryan Rugg: Leading The Big 4's Charge Into Institutional Blockchain Adaptation
Portfolio Pulse from Stjepan Kalinic
Ryan Rugg, head of digital assets at Citigroup Inc, is leading the charge into institutional blockchain adaptation. Citigroup recently released a report forecasting the blockchain-based tokenization market of real-world assets to reach $5 trillion by 2030. Rugg has been advocating for blockchain-driven insurance business models since 2019 and is currently testing these solutions with global shipping giant, Maersk.
October 13, 2023 | 4:20 pm
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POSITIVE IMPACT
Maersk is testing blockchain-driven insurance business models with Citigroup, which could potentially improve its operational efficiency and reduce costs.
Maersk's involvement in testing blockchain-driven insurance models could potentially lead to improved operational efficiency and cost reductions, which could have a positive impact on its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Citigroup's focus on blockchain adaptation and the forecast of the tokenization market reaching $5 trillion by 2030 could potentially boost investor confidence.
Citigroup's active role in blockchain adaptation and its optimistic forecast for the tokenization market could potentially attract more investors, leading to a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90