State Street and Citi Plan to Enter Crypto Custody Market
- State Street and Citi are considering offering crypto custody services.
- State Street plans to launch its services next year.
- Citi is exploring a dual approach: developing its own services and partnerships.
- BNY Mellon is expanding its crypto offerings beyond Bitcoin and Ethereum.
- Citi completed a proof of concept on tokenizing private funds with partners.
State Street and Citi are moving into the crypto custody market, with State Street planning to launch services next year, while Citi explores both internal development and partnerships for their entry. BNY Mellon is also broadening its crypto offerings.
Source (2.6.1)https://cryptoslate.com/state-street-and-citi-reportedly-eyeing-crypto-custody-services/?rand=24433
