Article Summary

Citigroup is set to launch its highly anticipated cryptocurrency custody service by 2026, marking a significant milestone in traditional banking's embrace of digital assets. The Wall Street giant has been developing this blockchain-based solution for over two years, positioning itself to compete directly with established crypto custodians in the rapidly expanding institutional market. This strategic move enables Citi to securely store Bitcoin, Ethereum, and other cryptocurrencies for asset managers, hedge funds, and institutional clients seeking regulated custody solutions. The service represents Citi's deeper integration into the digital asset ecosystem, potentially capturing significant market share as institutional crypto adoption accelerates. The announcement comes amid growing institutional demand for cryptocurrency services and regulatory clarity in the digital asset space. Citi's entry into crypto custody could drive further mainstream adoption and legitimacy for Bitcoin and other digital currencies. This development positions the banking giant alongside competitors like JPMorgan and Goldman Sachs, who have already launched cryptocurrency services. The 2026 timeline suggests Citi is prioritizing robust security infrastructure and regulatory compliance over speed-to-market, potentially offering superior institutional-grade cryptocurrency custody solutions when launched.