#Citi Plans 2026 Launch for #Crypto Custody Platform


Citi is developing a crypto custody service, targeting a 2026 launch after spending the past two to three years building the infrastructure, according to global head of partnerships and innovation Biswarup Chatterjee.


The banking institution aims to bring a credible custody solution to market within the next few quarters for asset managers and other clients. The service would involve Citi holding digital coins and tokens on behalf of customers.


Chatterjee told CNBC that the development represents the bank's push deeper into digital asset services. The move follows similar announcements from other major financial institutions expanding their #crypto offerings.


Traditional banks have accelerated their digital asset initiatives since the Securities and Exchange Commission approved $BTC and $ETH exchange-traded funds managed by Wall Street firms including BlackRock and Fidelity. Multiple top American banks have expressed interest in expanding their crypto capabilities.


#JPMorgan is advancing stablecoin development while Morgan Stanley works to enable customers to trade $BTC, $ETH, and $SOL through its E*Trade platform. The competitive landscape is pushing major banks to develop comprehensive digital asset strategies.

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October 14, 2025 at 1:56 PM