Citigroup’s Entry into Crypto Custody Services: Stablecoins and Traditional Banking
Citigroup is stepping into crypto custody services, huh? With stablecoins rising and regulations finally coming into focus, it seems like traditional banks are ready to dip their toes into digital assets. This could create some interesting dynamics in the financial world, but it’s not without its challenges.
Citigroup’s Crypto Custody Services
Citigroup Inc. is reportedly exploring the possibility of offering crypto custody services to its customers, specifically focusing on stablecoins and spot crypto exchange-traded funds (ETFs). According to Biswarup Chatterjee, Citi’s global head of partnerships and innovation for the services division, the bank is prioritizing custody for high-quality assets backing stablecoins. This is a big…
