Citi Partners With Coinbase To Expand Digital Asset Payments

Citi and Coinbase have joined forces to build digital asset payment solutions for Citi’s institutional clients, the firms said Monday.

The partnership aims to streamline fiat inflows and outflows, support Coinbase’s crypto on/off-ramps, and improve global payment orchestration.

Future initiatives will explore fiat-to-stablecoin settlement options and round-the-clock payment access for Citi clients.

Debopama Sen, Citi’s head of payments and services, said the collaboration aligns with the bank’s “network of networks” vision spanning 94 markets.

This initiative strengthens Citi’s growing digital money ecosystem, which already includes Citi Token Services and USD Clearing.

Citi serves 90% of the world’s top e-commerce companies and 15 of the top 20 fintechs.

According to CNBC, the bank also plans to introduce crypto custody services by 2026, allowing institutional clients to hold native digital assets like Bitcoin and Ether securely within Citi’s regulatory framework.

You need to login in order to Like