Citigroup Considers Entry into Crypto Custody Services
- Citigroup is exploring the addition of crypto custody services.
- The bank successfully demonstrated a proof of concept for tokenized private equity funds on a blockchain network.
- Citigroup holds approximately $2.4 trillion in total assets as of 2024.
- BNY Mellon has regulatory approval for digital asset custody beyond Bitcoin and Ethereum ETFs.
- State Street manages $44.3 trillion in assets and plans to launch crypto custody services with Taurus.
Citigroup, with $2.4 trillion in assets, is considering offering crypto custody services following a successful blockchain project, joining other major banks like BNY Mellon and State Street in expanding digital asset services.
Source (2.6)https://cryptobriefing.com/citi-explores-crypto-custody-services/?rand=59535
