BlockBeats News, October 13th, according to CNBC, Citigroup is planning to launch cryptocurrency custody services in 2026, a senior executive of the bank said 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 Business Development and Innovation Biswarup Chatterjee stated that the bank has been developing cryptocurrency custody services over the past two to three years and has made substantial progress.
Chatterjee said, “We are exploring various aspects. We hope to launch a trusted custody solution in the next few quarters to provide to our asset management clients and other institutional clients.”
