Citigroup is looking to provide cryptocurrency custody services, focusing on stablecoins and spot cryptocurrency ETFs.
This large bank is seizing opportunities from changes in the regulatory framework to expand services for high-quality cryptocurrency assets, meeting the rapidly growing global financial market demand.
MAIN CONTENT
Citigroup aims to launch custody services for stablecoins and spot cryptocurrency ETFs.
The new legal framework facilitates cryptocurrency services for large banks.
This activity contributes to enhancing liquidity and the integration between cryptocurrencies and traditional finance.
How does Citigroup plan to develop cryptocurrency custody services?
Citigroup is focusing on providing custody services for high-quality stablecoins and spot cryptocurrency ETFs to serve institutional clients.
Biswarup Chatterjee, Global Director of Partnerships and Innovation at Citigroup's service division, has confirmed that this is a top priority in the bank's expansion strategy. Focusing on stablecoins helps ensure a more stable and better-controlled asset foundation in the cryptocurrency space.
This move marks an important step for Citigroup in supporting cryptocurrency assets through secure and reputable custody services for corporate clients.
What legal factors are driving Citigroup's approach to cryptocurrency services?
Significant changes in the U.S. regulatory environment are the main driver for Citigroup's development of cryptocurrency custody services. The previous administration ended restrictive policies on banks serving the cryptocurrency industry.
At the same time, the new GENIUS Law has been signed and enacted, helping to manage and develop stablecoins with clear regulations, creating a solid legal basis for Citigroup to explore building its own stablecoin, as stated by CEO Jane Fraser in July 2025.
These steps help the bank overcome previous legal barriers, opening up opportunities for collaboration with major funds like BlackRock, the long-awaited issuer of Bitcoin ETFs and Ethereum.
Developing our own stablecoin will help us facilitate smoother and safer payment transactions.
Jane Fraser, CEO of Citigroup, 7/2025
What benefits do cash flows and the cryptocurrency market receive from the new services?
Citigroup's stock price has increased by 35% since the beginning of 2025, reflecting positive investor expectations about the bank's cryptocurrency custody service potential.
The adoption of blockchain in global finance is rapidly developing due to transparency and clarity in the legal framework. Stablecoins play a key role in providing liquidity and increasing the connection between the cryptocurrency market and the traditional financial system.
The participation of large institutions like Citigroup is expected to enhance credibility and expand business opportunities in cryptocurrency in the near future.
The participation of leading financial institutions like Citigroup shows that cryptocurrency has become an integral part of a diverse financial ecosystem.
Banking financial expert, Investment Report 2025
How can Citigroup's cryptocurrency custody services compete in the market?
Citigroup, with over $1 trillion in assets under management, has a strong foundation to implement large-scale custody services for financial institutions.
Compared to its competitors, Citigroup benefits from a large customer network and a reputable risk management experience. This helps the bank access investment flows into cryptocurrencies and promotes more stable industry growth.
The service will directly support ETF funds and stablecoins, which are high-demand DeFi products requiring custody in the context of a rapidly expanding market.
Frequently Asked Questions
Does Citigroup plan to issue its own stablecoin?
CEO Jane Fraser stated that the bank is in the process of researching the development of stablecoins to support fast and safe payments.
What role do stablecoins play in Citigroup's cryptocurrency strategy?
Stablecoins are reliable foundational assets, prioritized for custody to enhance liquidity and support DeFi services.
What impact does the end of Operation Chokepoint have?
Regulatory changes make it easier for large banks like Citigroup to offer cryptocurrency-related services without restrictions.
Who is Citigroup partnering with in the cryptocurrency ETF space?
Major investors like BlackRock have succeeded with Bitcoin ETFs and Ethereum, paving the way for Citigroup to access this market.
What is the impact of cryptocurrency custody services on Citigroup's stock price?
Stocks increased by 35% in 2025, reflecting market expectations for the bank's cryptocurrency development potential.
Source: https://tintucbitcoin.com/citigroup-can-nhac-luu-ky-tien-dien-tu/
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