Citi survey finds that institutional demand for CBDC settlements has dropped sharply, switching to other digital payment methods

According to Citi's newly released "Evolution of Securities Services" white paper, the survey results of nearly 500 institutions show that the demand for digital asset settlement using central bank digital currencies (CBDCs) has dropped significantly to 15% from 52% last year. In contrast, institutions have increased interest in other digital payment methods such as non-bank stablecoins, tokenized deposits, and tokenized money market funds. In addition, the survey also noted that while North America leads in proof-of-concept (30%), there are no commercialized projects yet, while more actual projects are underway in Europe and Latin America. As traditional and digital assets converge, Citi expects automation, cloud infrastructure, and solutions integrated with DLT networks to be the focus of future investments.