Citi To Offer Crypto Custody Services By 2026
Citi plans to introduce crypto custody services next year as the Wall Street banking giant pushes deeper into the digital asset space. The plan will enable the bank to hold digital assets such as Bitcoin and Ethereum for customers, a ccording to a CNBC report . “We’re hoping that in the next few quarters, we can come to market with a credible custody solution that we can offer to our asset managers and other clients,” said Biswarup Chatterjee, global head of partnerships and innovation for services. The service, which has been in the works for two to three years, will provide institutional clients a regulated way to store crypto. Chatterjee said that the bank is exploring a hybrid approach that combines both internal solutions with those offered by third parties. “We may have certain solutions that are completely designed and built in-house that are targeted towards certain assets and certain segment of our clients,” ChatterJee said, adding ...