Citigroup is taking significant steps into the digital asset world by planning to offer custody and payment services for stablecoins and crypto ETFs.
Focus on Quality and Security
Citi is prioritizing secure custody solutions for the assets backing stablecoins, such as cash or U.S. Treasuries. This strategy reflects a conservative approach, aimed at minimizing risk while meeting regulatory expectations.
Enhancing Cross-Border Payments with Stablecoins
Beyond custody, Citigroup is developing services that would allow stablecoins to streamline cross-border transactions. The goal is to leverage the technology behind stablecoins for instant settlement, reducing the time and costs traditionally associated with international money transfers.
Citigroup's Positioning in Digital Assets
Citigroup is also looking at providing custody for digital assets tied to spot bitcoin ETFs. These ETFs require secure storage solutions for the underlying crypto holdings, and Citi is positioning itself to provide such solutions.
Thus, Citigroup is signaling its intent to play a leading role in the future of crypto finance by combining trusted banking infrastructure with digital innovation.
