Citi bank, an American multinational investment bank is entering the digital asset space, with plans to launch services for crypto products, including stablecoins and cryptocurrency Exchange-Traded Funds (ETFs), with a target timeline of 2026.
A senior executive at Citigroup recently confirmed the bank’s strategy, primary focus on offering custody services for the assets that back stablecoins, such as U.S. Treasuries and cash.
Citi is also exploring custody for the underlying digital assets of crypto ETFs, particularly following the rise of spot Bitcoin ETFs, which require secure management of billions in digital currency.
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