Citibank is planning to launch cryptocurrency custody services in 2026

BlockBeats News, October 13th, according to CNBC, Citigroup is planning to launch cryptocurrency custody services in 2026, a senior executive of the bank stated in an interview. As Wall Street giants continue to expand their presence in the digital currency space, Citigroup's move demonstrates that traditional financial institutions are accelerating their entry into this arena.

Citigroup's Global Head of Direct Custody and Clearing, Biswarup Chatterjee, stated that the bank has been developing cryptocurrency custody services over the past two to three years and has made significant progress.

Chatterjee said, "We are exploring multiple directions. We hope to launch a credible custody solution in the next few quarters to provide to our asset management clients and other institutional clients."