Citi Advances Towards 2026 Crypto Custody Launch
Citi is gearing up to launch a crypto custody service by 2026. This move aims to provide secure storage for institutional clients’ digital assets. The bank is in the final stages of development, focusing on a hybrid model.
On October 13, Biswarup Chatterjee, Citi’s global head of partnerships and innovation, confirmed the 2026 target. he explained that the bank is developing a hybrid model, combining in-house technology and third-party partnerships. This approach ensures secure storage for native cryptocurrencies.
Citi’s custody service is a risk mitigation strategy for institutions wary of past exchange failures and digital theft.
Biswarup Chatterjee, Citi’s global head of partnerships and innovation, confirmed the 2026 target. He explained that the bank is developing both in-house solutions and partnering with third-party firms. This approach ensures secure storage for various digital assets.
Citi’s custody service offers a regulated path for institutions.As a heavily regulated entity, Citi leverages its experience in safeguarding traditional assets.This bank-grade approach mitigates the risks associated with self-custody and some crypto-native platforms.
The development aligns with Citi’s broader pivot towards blockchain-based financial infrastructure. It joins other Wall Street peers like JPMorgan and Bank of America in advancing digital asset initiatives. Recently, Citi joined a consortium of banks to explore stablecoin applications and invested in BVNK, a U.K.-based stablecoin infrastructure firm.
