Many of the world’s largest banks have increased their crypto custody strategies recently. Earlier this year, both State Street and JPMorgan Chase announced plans to introduce a cryptocurrency custody service line in 2026, and US Bancorp has refocused on this service line. Now, we hear that Citi is looking to follow suit, with the global head of partnerships and innovation for the bank’s services division stating that it is prioritising custody for high-quality assets backing stablecoins. With the vast majority of stablecoin transactions taking place outside the banking system and the potential for these ... (full story)