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Citigroup Weighs Crypto Custody, Payments Push on Trump-Era Regulatory Tailwinds
Citigroup is considering launching cryptocurrency custody and payment services, with an initial focus on stablecoin reserves, as the bank looks to tap into momentum from recent U.S. legislative and regulatory developments favoring the industry. Biswarup Chatterjee, an executive in Citi’s services division — which handles treasury, payments and cash management for large corporates — told Reuters the bank would likely start by safeguarding “high-quality assets backing stablecoins.” The lender is also evaluating custody solutions for crypto-linked exchange-traded products, including spot Bitcoin and Ether ... (full story)
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