Citigroup Invests in Crypto Custody: Preparing for ETF & Stablecoin Boom

Citigroup is taking a proactive stance in the rapidly evolving cryptocurrency landscape by considering launching crypto custody services specifically tailored for exchange-traded funds (ETFs) and stablecoins. This strategic move, spearheaded by CEO Jane Fraser and innovation head Biswarup Chatterjee, reflects growing institutional interest in digital assets. The initiative aligns with broader industry trends of major banks expanding digital asset services, potentially impacting markets related to Bitcoin, Ethereum, and the $250 billion stablecoin market.