Citigroup Weighs Crypto Custody and Payments
Wall Street giant Citigroup is weighing plans to offer cryptocurrency custody and payment services, aiming to capitalize on a market bolstered by Trump-era regulatory approvals and pro-industry legislation.
Biswarup Chatterjee, a Citigroup executive, told Reuters that the bank’s initial focus would likely be custody services for “high-quality assets backing stablecoins.”
Chatterjee works within Citigroup’s services division, which manages treasury, payments, cash management and other enterprise solutions for large corporations.
The bank is also exploring custody offerings for crypto-linked exchange-traded products, which could include Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs).
“There needs to be custody of the…
