Wall Street Giant Citigroup Plans Crypto Custody Services for Stablecoins and ETFs
TLDR
- Citigroup is exploring cryptocurrency custody and payment services, focusing first on stablecoin-backed assets
- The bank plans to offer custody services for crypto exchange-traded funds including Bitcoin and Ethereum ETFs
- Bitcoin ETFs now hold nearly 1.3 million BTC, worth about 6.2% of total circulating supply
- This isn’t Citi’s first crypto move – they previously partnered with Switzerland’s SIX Digital Exchange for tokenization
- The expansion comes as Washington signals pro-crypto regulatory changes under Trump administration
Citigroup is planning to enter the cryptocurrency custody and payment services market. The Wall Street bank wants to capitalize on growing demand from stablecoins and crypto…
