2D
...
Global banking giant Citi is preparing to enter the cryptocurrency market with a dedicated crypto custody service by 2026, as major Wall Street firms deepen their presence in digital finance. The bank has been developing the service for over two years and aims to offer secure storage of cryptocurrencies like bitcoin and ether for asset managers and institutional clients.
Citi’s move comes as a more supportive U.S. regulatory environment under recent legislation encourages traditional banks to explore digital assets. The service will allow Citi to hold cryptocurrencies directly on behalf of clients, addressing security concerns and leveraging the bank’s trusted custodial expertise. Partnerships with third-party providers and in-house technology solutions are both being considered.
The bank is also exploring stablecoins and blockchain-based payment systems to enable faster cross-border transactions. As global demand for digital finance solutions grows, Citi’s expansion signals increasing institutional confidence in the future of cryptocurrencies.
