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Citi Eyes 2026 Crypto Custody Launch After Years of Quiet Development: CNBC
Citi is developing a custody service to hold native cryptocurrencies like Bitcoin and Ethereum, reflecting growing institutional demand and regulatory clarity under the GENIUS Act.
- On Oct. 13, Citi told CNBC it aims to launch a crypto custody service next year after developing the project for two to three years.
- Regulatory clarity from Congress and regulators has prompted banks to explore crypto custody, as Wall Street firms deepen crypto involvement amid more supportive US rules this year.
- Testing multiple custody models, Citi is combining in-house technology with third-party partners to hold native cryptocurrencies like Bitcoin and Ethereum for clients, Chatterjee said.
- The custody plan gives institutional clients a regulated option to store crypto, mirroring traditional asset custody services and placing Citi among a growing group of traditional banks.
- Last week, Citi invested in BVNK, underscoring its stablecoin experiments, while Citi Token Services competes with JPMorgan's deposit token enabling 24/7 movement of money.
24 Articles
24 Articles
Citibank, JPMorgan Plan to Expand Crypto Offerings
Wall Street banking giants Citibank and JPMorgan are exploring new ways to offer their clients crypto exposure. Citibank plans to launch crypto asset custody services in 2026, Citi’s global head of partnerships and innovation Biswarup Chatterjee told CNBC that the upcoming custody service would involve Citi holding native crypto tokens. The new service was reportedly in the works for the last two to three years, with Citi exploring an in-house …
Is Citi about to make crypto boring—and safe?
Crypto is here to stay—and you can take that to the bank. Citibank, perhaps. On Monday morning, CNBC reported that Citi is looking to launch crypto custody services next year. Biswarup Chatterjee, the global head of partnerships and innovation in the services business at Citi, told CNBC that the company is “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 oth…
Citi Readies Crypto Custody Platform for 2026 Launch
The move comes as major financial institutions accelerate their integration into digital asset markets, a shift fueled by the Trump administration’s friendlier stance on crypto regulation. Biswarup Chatterjee, who leads Citi’s global partnerships and innovation division, revealed that the bank’s crypto strategy has been quietly developing over the past few years. Speaking to CNBC, he said the company aims to roll out a reliable storage solution …
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