Citi to Launch Crypto Custody Service in 2026
Citi to Launch Crypto Custody Service in 2026
Citi plans to roll out a cryptocurrency custody service for institutional clients in 2026. In development for nearly three years, the service will let the bank hold native crypto assets on behalf of asset managers and other institutions.
The platform is being built using a mix of Citi’s own technology and third-party partnerships, depending on the asset type and client needs.
Why This Matters
The move comes as U.S. regulations around digital assets become clearer - especially with the GENIUS Act, which provides more defined rules for stablecoins and crypto.
This regulatory progress is prompting traditional banks to enter the digital asset space. Citi’s goal is to offer a secure, regulated custody option that reduces risks like cyberattacks and theft - key concerns for institutional investors.
The initiative builds on Citi’s broader blockchain strategy, including:
✅ Citi Token Services - supporting 24/7 cross-border transfers
✅ Early exploration of stablecoin products
✅ Investment in BVNK, a stablecoin payments infrastructure provider, to explore use cases in emerging markets
What This Means for the Industry
For Financial Institutions & Asset Managers:
Citi’s entry gives institutional investors a compliant way to hold crypto assets - potentially accelerating adoption among traditional players.
For Technology & Custody Vendors:
Citi’s hybrid model could shape how banks collaborate with blockchain and custody tech providers, opening doors for partnerships around tokenization and digital wallets.
For the Digital Asset Ecosystem:
The launch signals growing institutional confidence in crypto and deeper integration of blockchain into mainstream finance. Citi’s continued work with stablecoins and tokenized payments points to how digital currencies could enhance liquidity and cross-border efficiency.
