Citibank to Launch Crypto Custody Services in 2026 After 3 Years of Preparation

Oct 14, 2025

Citigroup plans crypto custody launch in 2026 after 3 years of preparation as nine global banks including Citi develop G7-backed stablecoin with market projected to hit $50T in payments by 2030.

The bank is exploring both in-house technology solutions and potential third-party partnerships, with Chatterjee stating “we’re hoping that in the next few quarters, we can come to market with a credible custody solution” for asset managers and other clients.

Wall Street Coming to Crypto? Citi Said Yes

The upcoming service would involve Citi holding native cryptocurrencies on behalf of clients.

Chatterjee said the bank may deploy entirely in-house designed solutions for certain assets and client segments, while using third-party lightweight solutions for other asset types.

Wall Street Consortium Eyes G7 Stablecoin as Competition Intensifies

Earlier this month, nine global banking giants, including Goldman Sachs, Deutsche Bank, Bank of America, Banco Santander, BNP Paribas, Citigroup, MUFG Bank, TD Bank Group, and UBS, announced plans to develop a jointly backed stablecoin focused on G7 currencies.

The consortium will explore issuing reserve-backed digital payment assets available on public blockchains, with each unit pegged one-to-one against traditional fiat currency.

Citi Balances Stablecoin Opportunities Against Deposit Flight Fears

The groups cited Treasury estimates that yield-bearing stablecoins could trigger up to $6.6 trillion in deposit outflows, fundamentally changing how banks fund loans and manage liquidity.

With $2.57 trillion in assets under custody, Citi’s 2026 launch may be the beginning of a strategic adoption of crypto on Wall Street.

Source >> Citibank to Launch Crypto Custody Services in 2026 After 3 Years of Preparation