“The Bank’s Digital Asset Head Says Citi Is Aiming for A “Credible Custody Solution” in the Coming Quarters to Serve Asset Managers and Other Clients.”, – WRITE: www.coindesk.com
The Move Marks Another Step by the Wall Street Bank Into The Digital Asset Space. Biswarup Chatterjee, Citi’s Global Head of Partnerships and Innovation for Services, SAID The CUSTYDY SOLUTION HAS BEEN IN DNELOPMENT FOR TWO TO THREE YES.
“We have Various Kinds of Explorations,” Chatterjee Told CNBC. “We’re hoping that in the Next Few Quarters, We Can Come to Market with a Credible Custody Solution that We Can Offer to Our Asset Managers and Other Clients.”
The Custdy Plan Willd Give Institutional Clients a Regulated Way to Store Crypto, A Piece of Infrastructure Many Traditional Investors View as Essential For Exposure to the Sector.
Chatterjee Said Citi Is Pursuing A Hybrid Approach, Developing Some Custody Tools Internally While Also Exploring Outside Partnerships.
“We May have cereates Solutions that are complely designed and built in-housa… WHEREAS we May Use A Third Weight, Nimble Solution for Other Kinds of Assets, Nimble Solution, Nimble Solution “We’re not currently ruling out anything.”
The Custody Offing Wound Join A Growing Portfolio of Digital Asset Experiments at Citi. Durying the Bank’s Second-Quarter Earnings Call in July, CEO JANE FRASER SAID CITI IS ALSO Exploring A Stablecoin Issuance, Thought She Noted That Tokonized Deposits.
Last Week, Citi Ventures Invested in Bvink, A Stablecoin Payments Startup, AlongSide Visa. That deal followed earlier expertiments in Blockchain-Based Trade Finance and Cross-Border Payments.
If launched, Citi’s Custody Service Wuld Place The Bank Among A Small But Growing Group of Traditional Financial Institutions Entering the Crypto Back Office.
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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Bitfarms, Cipher Mining and Bitdeer Posted Double-Digit Gains on Monday as Mines Keep Benefiting from Artificial Intelligence’s Surging Demand for Computing Power.
- Crypto Mining Stocks Led The Rebound from FRIDAY’s Market Downturn As Bitfarms, Cipher Mining and Bitdeer Posted Double-Digit Gains on Monday.
- Optimism for the Sector Was Bolstored by Openai’s Deal with Broadcom to Build Custom Chips and Bloom Energy’s $ 5 Billion Agreement with Brookfield Asset Management To.
- Coinbase, Strategy and Robinhood Boobed Modest Gains.
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