Citi and YieldStreet announce partnership to spur retail investment in alternative assets
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Fintech

Citi and YieldStreet announce partnership to spur retail investment in alternative assets

Partnership with digital investor platform is the latest move by bank’s Sprint fintech team.

handshake-finance-deal-merger-780



Citi’s fintech incubator unit – the spread products investment technologies team (Sprint) – on Wednesday announced a strategic partnership with digital wealth management platform YieldStreet Capital, which is focused on opening up access to institutional-quality investments for individual investors across a range of asset classes, such as real estate, marine finance, art finance, legal finance and commercial loans.

YieldStreet-Milind_Mehere_160x186

Milind Mehere,
YieldStreet

Citi launched Sprint in September 2018 as a strategic equity investment platform focusing on innovation across its spread products business. 

"We are not a VC fund. Everything we do has to be strategic to Citi’s overall mission. All our investments are in spaces in which the spread products group already operates," Matt Zhang, managing director and head of Sprint at Citi, tells Euromoney.

This can range from lending to modular housing business Factory OS to investing in digital mortgage provider Better Mortgage Corp – both active in the broader housing space. Sprint is also focusing on market innovation, for example investing in alternative market analytics platform T-REX and automating BWICs in the bank’s own collateralized loan obligation (CLO) trading business.

Rebalancing investor access to alternative investments is likely to be a growing trend in debt and private credit, and is it is something that Zhang is firmly behind with the new partnership.




Gift this article