Markets
What to know, old chap:
- Citi jolly well intends to unleash its crypto custody services come 2026, allowing the blighter to babysit native digital assets for its clients. Coin collecting, Wall Street style! 😂
- The bank is mulling over its own homemade contraptions and cozying up to third-party chaps to pull off this cheeky caper.
- Citi’s pondering issuing its very own stablecoin, but for now, it’s fixated on tokenized deposits-like a butler polishing the silver before dinner. 😏
My dear reader, Citi (that’s C for the uninitiated) is set to toddle into crypto custody services in 2026, meaning they can hold onto those pesky native digital assets like bitcoin and ether on behalf of their clients, as per a whisper from CNBC. Sarcasm intended, but it’s a bold leap for the Wall Street titans! 🚀
This dashed enterprise signals yet another poke into the digital asset jungle by the banking behemoth. Biswarup Chatterjee, Citi’s esteemed global head of partnerships and innovation for services, confided that this custody wheeze has been brewing quietly for two to three years-like a pot of tea left on the stove far too long.
“We’re exploring all sorts of oddities,” Chatterjee spilled to CNBC with a theatrical air. “We’re pinching our fingers that in the next few quarters, we can debut a thoroughly reputable custody solution for our asset-managing friends and other luminaries.” 😂
This custody lark would offer institutional clients a properly regulated nook to stash their crypto, a bit of infrastructure those traditional investors deem indispensable for dipping their toes into the sector-lest the whole thing vanishes like a rabbit in a hat.
Chatterjee assured all and sundry that Citi is embracing a hybrid approach, tinkering with some internal gizmos whilst scouting partnerships with outsiders, because why not? 😜
“We might have certain solutions dreamed up entirely in-house,” he quipped, “whereas for other assets, we’ll enlist a third-party, agile sort of fellow. We’re not dismissing any tomfoolery just yet.”
This custody delight would swell Citi’s burgeoning arsenal of digital asset escapades. During the bank’s second-quarter earnings pow-wow in July, CEO Jane Fraser let slip that they’re flirting with a stablecoin of their own, though tokenized deposits remain the flavor du jour.
Last week, Citi Ventures flung some coin at BVNK, that stablecoin payments startup, rubbing shoulders with Visa. This followed earlier jaunts into blockchain trade finance and cross-border payments-truly, the bank’s turning into a one-man band of innovation! 🎉
Should this launch sail through, Citi would join the elite squad of conventional financial institutions invading the crypto back office. Who knew custodianship could be such a lark? 🤑
Read More
- USD VES PREDICTION
- USD PLN PREDICTION
- FIL PREDICTION. FIL cryptocurrency
- EUR CNY PREDICTION
- JUP PREDICTION. JUP cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- INJ PREDICTION. INJ cryptocurrency
- STETH PREDICTION. STETH cryptocurrency
- NEAR PREDICTION. NEAR cryptocurrency
- USD MYR PREDICTION
2025-10-13 23:01