Citibank expects to launch Crypto Assets custody services next year, with executives revealing: collaboration with third-party technology providers is not ruled out.

American banking giant Citigroup expects to launch Crypto Assets custody services in 2026.

American banking giant Citi (Citi) plans to officially launch crypto custody ( services in 2026, further expanding its layout in the digital asset field. According to a report by CNBC, Biswarup Chatterjee, the head of global partnerships and innovation for Citi's service business, stated that the bank has been developing related technology for two to three years and has made substantial progress at this stage.

Biswarup Chatterjee revealed: "We are conducting various explorations and hope to launch a reliable custody solution for asset managers and institutional clients in the next few quarters."

Citigroup executives: simultaneously evaluating internal R&D custody and third-party collaboration

After taking office, U.S. President Trump established a clearer regulatory framework through new laws such as the GENIUS Act, specifically creating regulations for areas like stablecoins, allowing traditional banks to legally launch products and services related to digital assets.

Biswarup Chatterjee pointed out that Citigroup's new custody service will directly hold native encryption assets and use its highly regulated financial system as a trust foundation. The bank is currently evaluating two strategies:

Fully developed in-house by Citibank's proprietary custody technology.

Cooperate with third-party lightweight technology providers.

Biswarup Chatterjee added: "We do not rule out any possibilities and will adopt different solutions based on different assets and client needs." In contrast, JPMorgan CEO Jamie Dimon has stated that the bank allows clients to purchase Crypto Assets but will not offer custody services itself, indicating that there are still strategic differences among Wall Street banks.

This article states that Citibank plans to launch Crypto Assets custody services next year, with executives revealing that they do not rule out collaborating with third-party technology providers. This was first reported on Chain News ABMedia.