Financial Giant Citi Plans To Roll Out Crypto Custody Service Next Year: Report
Banking behemoth Citi Group is looking to launch crypto custody services.
Citi joins JPMorgan Chase and Bank of America as the latest Wall Street institution to dive head first into crypto, reports CNBC, citing a favorable regulatory environment in the United States.
According to global head of partnerships and innovation in the services business at Citi, Biswarup Chatterjee, the banking giant has been working on a crypto custody product for several years that would involve Citi holding crypto.
Furthermore, Citi is considering both inhouse custody options and working with trust third-parties.
Says Chatterjee,
“We have various kinds of explorations… and we’re hoping that in the next few quarters, we can come to market with a credible custody solution that we can offer to our asset managers and other clients…
We may have certain solutions that are completely designed and built in-house that are targeted towards certain assets and certain segment of our clients, whereas may we may use a … third party, lightweight, nimble solution for other kind of assets…
So we’re not currently ruling out anything.”
Chatterjee also says that Citi is targeting a 2026 launch date and is exploring the possibility of offering a stablecoin to clients as well.
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana News Update: CoinShares Drops Altcoin ETFs While Mainstream Finance Leads in Inflows
- CoinShares withdrew Solana , XRP , and Litecoin ETF applications due to market saturation by traditional finance giants like BlackRock and Fidelity. - The firm cited structural challenges and weak demand, with Litecoin ETFs recording zero inflows while Solana staking ETFs attracted $570M in net inflows. - CoinShares is pivoting to active strategies and thematic crypto baskets, reflecting broader market skepticism toward altcoin ETFs amid regulatory uncertainty and volatile crypto prices. - Competitors li
Polymarket’s Adherence to CFTC Regulations Connects Cryptocurrency with Conventional Financial Systems
- Polymarket secures CFTC approval to resume U.S. operations under a regulated framework after a 2022 $1.4M fine for unregistered derivatives trading. - The platform now complies with federal requirements including real-time surveillance and trade reporting, partnering with ICE after a $2B investment. - Its re-entry enables U.S. brokerages to integrate prediction markets, boosting liquidity and attracting traders previously excluded by regulatory barriers. - The $10B valuation surge and strategic QCX acqui
Mutuum Presale Investors Rush to Secure Tokens Before Price Surges to $0.04
- Mutuum Finance's Phase 6 presale nears 95% allocation at $0.035, raising over $19M with 250% price growth since Phase 1. - The DeFi protocol offers non-custodial P2C/P2P lending, mtToken yield mechanisms, and plans for stablecoins/cross-chain expansion. - Dual audits by Halborn and CertiK, plus Q4 2025 testnet launch plans, bolster credibility as 18,200+ holders compete for tokens. - With 800M+ tokens sold and Phase 7 approaching $0.04, the project aims to redefine lending through user-controlled, incent
Bitcoin News Today: Bitcoin Holds Strong at $84K Amid Institutional Optimism and Broader Economic Challenges
- Bitcoin drops 31% to $82,000 as 2025 market cycle mirrors 2021's bull run, testing critical $84,000–$86,000 support levels amid rising U.S. yields and Fed hawkishness. - Institutional inflows into FBTC/IBIT and whale accumulation counter macro headwinds, with JPMorgan upgrading miners and projecting 2026 rebound potential. - Current market differs from 2021 with institutional focus on utility-driven use cases (cross-border payments, DeFi) and regulatory progress like Ripple's RLUSD approval in UAE. - Fed
Trending news
MoreCrypto prices
More
