Citibank to Start Offering Crypto Custody Services Next Year
Citigroup is preparing to enter the digital asset custody space, with plans to launch cryptocurrency custody services by 2026. The move follows several years of development and internal testing, according to Biswarup Chatterjee, the bank’s global head of innovation and partnerships. The bank is weighing a mix of in-house technology and external partnerships to build the platform. “We expect to present a credible custody solution for clients and asset managers within the next few quarters,” Chatterjee said. The service would enable Citi to safeguard clients’ native cryptos directly, a move signaling the bank’s growing confidence in the crypto sector. The…