Citi Plans to Launch Crypto Custody Services in 2026: CNBC
Citi plans to launch a crypto custody service in 2026, allowing the bank to securely hold digital coins and tokens for clients such as asset managers. The new service reflects a broader push by major financial institutions into digital assets, following the SEC’s approval of Bitcoin and Ethereum ETFs managed by firms like BlackRock and Fidelity. Other large U.S. banks, including JP Morgan and Morgan Stanley, are also deepening their involvement in crypto, through stablecoin initiatives and expanded trading options. Additionally, several global banks recently announced joint exploration of a reserve-backed digital money, or stablecoin. Recent U.S. political developments have seen increased support for the crypto industry, contrasting with earlier, more restrictive regulatory approaches.
