Overview

• Citi executives told CNBC they aim to introduce a regulated crypto custody offering in the next few quarters, targeting a 2026 rollout.
• The service would have Citi hold native cryptocurrencies on behalf of asset managers and other institutional clients.
• Citi plans a hybrid technology model that combines in‑house systems with selected third‑party providers to support different assets and client needs.
• The effort complements Citi’s broader digital‑asset push, including Citi Token Services and fresh activity around stablecoins such as an investment in BVNK.
• Industry approaches are diverging, with JPMorgan allowing clients to trade crypto but declining to custody assets for now as banks also explore deposit tokens and a multi‑bank, G7‑pegged reserve‑backed digital money.