Citigroup plans to launch a crypto custody service in 2026, becoming the latest major bank to diversify into digital asset services. The bank has been working on its crypto custody service for nearly three years.
Banks are offering digital asset products, including stablecoin offerings and cryptocurrency trading.
Citi to Debut Crypto Custody Service
Citigroup is set to debut its crypto custody service in 2026 as mainstream financial institutions become receptive to cryptocurrencies. According to reports, Citi has been working on developing a custody service for digital assets for nearly three years. According to Biswarup Chatterjee, Citi’s global head of partnerships and innovation, the custody service project is moving ahead as planned as Wall Street’s interest in crypto deepens. Chatterjee was quoted as saying that the upcoming custody service would see Citi hold digital tokens and other assets on behalf of clients.
“We’re hoping that in the next few quart
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