Summary
- Citibank said it plans to launch a virtual asset custody service by 2026.
- Citibank has been developing a custody service for the past 2-3 years and said it aims to launch it within the next few quarters.
- The bank said the service will operate by Citibank directly holding native virtual assets.
Global investment bank (IB) Citibank said it plans to introduce a virtual asset (cryptocurrency) custody service within 2026.
Biswarup Chatterjee, head of Global Partnerships and Innovation for Citibank's Services business, told CNBC on the 13th (local time), "Citibank has been developing a virtual asset custody service for the past 2-3 years and is aiming to launch it within the next few quarters."
He added, "The service will operate by Citibank directly holding native virtual assets."
JH Kim
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