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PANews reported on October 14th that, according to CNBC, Biswarup Chatterjee, Global Head of Partnerships and Innovation for Citibank's Banking Services business, revealed that as the Wall Street giant increases its digital currency presence, the bank plans to launch crypto asset custody services in 2026. Development has progressed over the past two to three years, and the bank hopes to offer a reliable and trusted custody solution to clients such as asset managers in the coming quarters. In the upcoming custody service, Citibank will hold the native cryptocurrency. The bank is currently considering developing its own custody technology and exploring third-party collaborations. Chatterjee also noted that stablecoins could be attractive in regions with underdeveloped banking and payment systems. As Citibank's clients expand into these countries and interact with local suppliers and customers, similar stablecoin products may become feasible. However, the bank is still in the early stages of exploring stablecoins.PANews reported on October 14th that, according to CNBC, Biswarup Chatterjee, Global Head of Partnerships and Innovation for Citibank's Banking Services business, revealed that as the Wall Street giant increases its digital currency presence, the bank plans to launch crypto asset custody services in 2026. Development has progressed over the past two to three years, and the bank hopes to offer a reliable and trusted custody solution to clients such as asset managers in the coming quarters. In the upcoming custody service, Citibank will hold the native cryptocurrency. The bank is currently considering developing its own custody technology and exploring third-party collaborations. Chatterjee also noted that stablecoins could be attractive in regions with underdeveloped banking and payment systems. As Citibank's clients expand into these countries and interact with local suppliers and customers, similar stablecoin products may become feasible. However, the bank is still in the early stages of exploring stablecoins.

Citigroup plans to launch cryptocurrency custody service in 2026

Autore: PANews

Fonte: PANews

2025/10/14 07:51

1 min di lettura

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