Citigroup Explores Crypto Custody and Payments for ETFs and Stablecoins

Citigroup is advancing deeper into the cryptocurrency sector with plans to offer custody and payment solutions for stablecoins and crypto exchange-traded funds. The move aligns with a broader institutional embrace of digital assets as regulatory clarity improves in the U.S.

The bank's global head of partnerships and innovation, Biswarup Chatterjee, highlighted custody services for stablecoin reserves as a priority. Citigroup joins peers like Bank of America and JPMorgan in capitalizing on blockchain-based financial infrastructure.

This strategic pivot comes as Washington signals warmer crypto policies, including forthcoming stablecoin legislation. The bank already operates a tokenized settlement system between London and New York, demonstrating existing blockchain capabilities.