Citibank is looking to broaden its crypto offerings by adding asset custody and stablecoin services, reflecting the growing importance of these digital assets. Industry experts highlight the move's potential impact on community banks and the wider financial ecosystem.
Citibank has launched the Citi Integrated Digital Assets Platform (CIDAP) to revolutionize digital asset management through blockchain. Offering services like digital custody, tokenization in partnership with Wellington Management and WisdomTree, and instant payment solutions, Citi is shaping the future of finance. Recent collaborations and landmark initiatives showcase their leadership in the crypto space.
JPMorgan Chase is planning to offer loans backed by cryptocurrencies like Bitcoin and Ethereum possibly by 2026, joining other major banks embracing digital assets. This move reflects growing adoption of crypto-friendly financial products supported by evolving regulations.