Citigroup Deepens Crypto Custody for ETFs and Stablecoins

Citigroup is taking a major step in the crypto space by exploring custodial roles for both stablecoin assets and crypto exchange-traded funds (ETFs). This move aligns with new US legislation requiring secure custody services, which could significantly impact the stability of digital asset markets. Biswarup Chatterjee, Citigroup’s head of services division, is spearheading this initiative to provide regulated custody solutions for Bitcoin, Ethereum, and various stablecoins. ]