Overview

• Citi executive Biswarup Chatterjee said the bank aims to offer crypto custody in 2026 after two to three years of development, targeting a rollout in the next few quarters for asset managers and other clients.
• The planned service would hold native cryptocurrencies for clients using a mix of in-house technology and third-party providers to cover different asset types and client segments.
• Citi is exploring stablecoins as a payments tool and recently backed BVNK through Citi Ventures, complementing its existing Citi Token Services for near real-time cross-border money movement.
• Bank interest has accelerated under clearer U.S. rules, including the GENIUS Act’s framework for stablecoins, which has reduced legal uncertainty around launching regulated digital-asset products.
• Competitors are taking different paths: JPMorgan will let clients trade crypto but says custody is off the table for now, while U.S. Bank has restarted custody and PNC offers services via Coinbase.