Citi takes a significant step into the digital asset space with plans to launch cryptocurrency custody services by 2026. The global banking giant aims to provide institutional clients with a regulated platform for storing native digital assets like Bitcoin and Ethereum. This strategic move reflects the growing acceptance of cryptocurrencies among traditional financial institutions.1
Citi targets 2026 launch for crypto custody service as Wall Street dives deeper into digital assets https://t.co/sxvyBpF155
— CNBC (@CNBC) October 13, 2025
Development and Implementation Strategy
Biswarup Chatterjee, Citi’s global head of partnerships and innovation for services, reveals a comprehensive development approach spanning two to three years. The bank adopts a hybrid strategy in building its custody infrastructure. This approach combines proprietary solutions with potential third-party partnerships to create a versatile platform. Citi maintains flexibility in its development process to ensure optimal service delivery for different asset types and client segments.
Meeting Institutional Demands
Traditional investors view regulated custody solutions as essential infrastructure for cryptocurrency adoption. Citi’s custody service will enable asset managers and institutional clients to store digital assets securely within a regulated framework. This service addresses a crucial gap in the market for institutional-grade cryptocurrency storage. The move aligns with increasing demand from professional investors seeking secure access to digital assets. Citi’s reputation and regulatory compliance standards add a layer of trust to cryptocurrency investments.
Expanding Digital Asset Initiatives
The custody service represents just one component of Citi’s broader digital asset strategy. The bank actively explores various blockchain initiatives, including stablecoin development and tokenized deposits. Citi recently demonstrated its commitment to innovation through an investment in BVNK, a stablecoin payments startup. These initiatives position Citi among a select group of traditional financial institutions embracing digital asset services. The bank’s comprehensive approach signals a long-term commitment to blockchain technology and digital assets.
The Future of Institutional Crypto Services
Citi’s entry into cryptocurrency custody marks a transformative moment in institutional crypto adoption. This development could encourage other major financial institutions to expand their digital asset services. The move will likely strengthen the bridge between traditional finance and the cryptocurrency sector. Industry observers should watch for additional announcements as Citi progresses toward its 2026 launch target. Follow Genfinity for continued updates on institutional cryptocurrency developments and market analysis.
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