Citi invests in HANetf to bolster ETF white-label services

▤ Summary

Citi has taken a minority stake in HANetf and will rely on the firm to run capital markets operations for its upcoming ETF white-label platform. The deal adds Citi to HANetf’s shareholder base alongside other institutional investors. HANetf plans to use the capital to expand as more asset managers enter the ETF market. Citi Velocity ETFs is expected to launch later this year, while HANetf continues to position its white-label model as a core part of the ETF ecosystem.

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