Citi Plans Institutional Crypto Custody by 2026
- Citi announced plans to launch institutional crypto custody services by 2026, focusing on asset managers and institutions.
- The bank has spent the last two to three years developing a custody stack with bank-grade controls and segregation.
- Citi is also evaluating a stablecoin as part of its broader digital-cash stack development.
- Phase one will focus on safekeeping digital assets with adjacent services like fund administration and tokenized cash rails in the pipeline.
Citi’s move into crypto custody indicates growing interest from traditional finance in integrating digital assets into their offerings. The initiative aims to provide secure, bank-grade solutions for institutional clients, potentially paving the way for more comprehensive crypto services in the future.
With Citi’s planned entry into crypto custody by 2026, the trend of traditional financial institutions embracing digital assets continues to gain momentum, signaling a significant shift in how these entities view cryptocurrencies. Source
