Citigroup Eyes Crypto Custody Services Amid #ETF Growth
Citigroup is exploring cryptocurrency custody and payment services, focusing initially on assets backing stablecoins. The Wall Street giant aims to capitalize on Trump-era regulatory clarity driving institutional adoption.
Executive Biswarup Chatterjee told Reuters the bank is considering custody for crypto #ETFs, which require equivalent digital currency holdings. U.S.
$BTC ETFs now hold nearly 1.3 million tokens, worth about 6.2% of the total supply.
BlackRock's iShares Bitcoin Trust leads with $88 billion in assets.
$ETH ETFs have also gained momentum, with BlackRock's Ethereum fund becoming the third-fastest to reach $10 billion.
Citi has invested in 18 blockchain deals since 2020 and has previously estimated #tokenization could reach $5 trillion by 2030. The push follows passage of the #GENIUS Act and other
#crypto legislation providing regulatory framework.
