Citigroup Accelerates Digital Asset Strategy with Stablecoin Exploration and Tokenized Deposits

Citigroup is advancing its digital asset ambitions, with CEO Jane Fraser confirming plans to explore a proprietary stablecoin during the Q2 2025 earnings call. Tokenized deposits now anchor the bank’s modernization push, targeting operational efficiency and new revenue streams.

The MOVE reflects institutional recognition of stablecoins as critical infrastructure. Fraser framed digital assets as the next phase of financial digitization, mirroring the fintech revolution. Citi’s focus spans four areas: reserve management for stablecoins, fiat-crypto gateways, custody solutions, and tokenization—the latter deemed its most active development zone.

Industry momentum builds as traditional finance converges with crypto. JPMorgan’s Jamie Dimon recently acknowledged stablecoin potential despite historical skepticism. Citi projects the stablecoin market could hit $3.7 trillion by 2030, with USD-pegged assets leading adoption.