According to CNBC, Citi plans to launch its own crypto custody service by 2026.
The bank has been quietly developing this project for the past two to three years, signaling a serious long-term commitment to blockchain and digital assets.
Building a Bridge Between Traditional Finance and Digital Assets
Biswarup Chatterjee, Citi’s global head of partnerships and innovation for its services business, confirmed that development is well underway. He explained that the bank is taking a dual-track approach that blends in-house innovation with third-party solutions. This means Citibank could directly hold native crypto assets such as Bitcoin or Ethereum for its institutional clients while also using trusted external providers for other digital assets.
Custody services are a cornerstone of the financial world. In simple terms, a custodian securely holds and protects assets on behalf of investors. For cryptocurrencies, custody is even more critical because digital assets exist entirely online and can be lost through hacks or human error. Citi’s entry into crypto custody suggests that big banks now see blockchain not as a passing trend but as a foundation for the future of finance.
CITI Crypto Custody Launches 2026 –> WITH THIRD PARTY PARTNERSHIPS 🔥✅
“Citi is exploring the use of an in-house developed technology solution for custody, along with third-party partnerships.
The upcoming custody service would involve Citi holding the native cryptocurrency.… https://t.co/5HuD4sLgev pic.twitter.com/rqO3tbHx5K
— Chad Steingraber (@ChadSteingraber) October 13, 2025
This move follows a growing wave of traditional institutions adopting crypto infrastructure. Earlier this year, BNY Mellon and Standard Chartered announced similar plans to expand their digital asset custody offerings. These developments highlight an industry shift toward regulated, secure solutions that make it easier for large investors and funds to hold cryptocurrencies.
A Strategic Play for the Next Financial Era
Real-world examples already show how powerful this integration can be. For instance, asset managers who invest in tokenized bonds or blockchain-based funds rely on trusted custodians to store their assets safely. Citi’s new service could help bridge the gap between these emerging opportunities and the traditional systems that investors already trust.
First it was dollars, then treasuries, now stocks and ETFs.
“Tokenized treasuries went from a billion dollars 18 months ago to now $7 billion and we expect the same thing to start to occur for tokenized stocks and ETFs.”
Ondo Finance’s @iandebode at the @NYSE pic.twitter.com/sGytyU3tDd
— Ondo Finance (@OndoFinance) September 12, 2025
Chatterjee emphasized that Citi’s goal is not to rush but to build a “credible custody solution” tailored for institutional clients such as asset managers. Some of these solutions will be fully developed in-house, while others may use agile, third-party technology better suited to niche assets.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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