Citi to Launch Crypto Custody Services by 2026
- Citi plans to offer custody services for digital assets like bitcoin and ether in 2026.
- The custody solution has been under development for two to three years, according to Biswarup Chatterjee, Citi’s global head of partnerships.
- Citi is exploring a hybrid approach, combining in-house tools with third-party solutions for asset management.
- The bank’s custody service aims to provide institutional clients with a regulated way to store crypto assets.
- Citi Ventures recently invested in BVNK, a stablecoin payments startup, alongside Visa.
This move positions Citi among traditional financial institutions entering the cryptocurrency sector, which many investors view as essential for market exposure. The custody offering will complement Citi’s ongoing exploration of stablecoin issuance and other digital asset initiatives.
If successful, Citi’s custody service could significantly enhance its offerings in the digital asset space, following its investment in BVNK and other blockchain-related projects.(Source)
