Citi is in the final stages of developing a cryptocurrency custody service, with the goal of launching it fully in 2026, as noted by CNBC on Monday.
After several years of architectural planning, the global bank is developing a hybrid model that will leverage both proprietary technology and third-party partnerships.
This approach is designed to securely custody native cryptocurrencies, offering a risk mitigation solution for institutional clients wary of platform collapses and asset theft.
By applying its established and regulated custody framework to digital assets, Citi aims to offer a bank-grade alternative to the nascent cryptocurrency custody landscape.