#Blockchain # Tokens #FutureofMoney

Driss Temsamani is the Americas Head of Digital for Treasury & Trade Solutions, part of Citi’s Institutional Client Group Business. In this role, he is responsible for a full range of banking platforms for cash management, liquidity investment services, working capital solutions, commercial cards, trade and digital assets, enabling multinational corporations, financial institutions and public sector organizations to operate in the most connected and efficient manner in USA, Canada, and Latin America.

Over his two decades career at Citi, Driss held various influential leadership roles across Product, Clients and Market Management. Before assuming his current America’s responsibilities, Driss was CIO and Head of Strategic Planning for Citigroup e-Business Latin America, Head of Business Management, Business Intelligence, Data Innovation, and Region Head of the Commercial Bank for Cash and Trade.

Throughout his distinguished career, Driss has been a guiding voice for Central Banks and Regulators on Digital Policy with focus on Financial Inclusion and Market Infrastructure modernization.

CONFERENCE

Money & Tokens: The Next Blockchain Economy

Tokenization is the new disruptive Banking innovation and the potential via blockchain will be transformative. Unlike ChatGPT or the Metaverse, blockchain is a back-end infrastructure technology without a prominent consumer interface, making it harder to visibly see how it could be innovative. 

But in Citi, we believe that we are approaching an inflection point, where the promised potential will be realized and be measured in billions of users and trillions of dollars in value. 

This is likely to be driven by the adoption of central bank digital currencies (CBDCs) as well as tokenized Bank Deposits and Web3 Payments. By 2030, up to $5 trillion of CBDCs could be circulating in major economies in the world, half of which could be linked to distributed ledger technology. Tokenization of financial assets could be the killer app driving blockchain to reach up to $4 trillion in value by 2030.