Citigroup plans to launch crypto custody services in 2026, after developing the offering for two to three years, according to global head of partnerships and innovation Biswarup Chatterjee, who told CNBC. The bank is exploring both in-house technology solutions and potential third-party partnerships, with Chatterjee stating “we’re hoping that in the next few quarters, we can come to market with a credible custody solution” for asset managers and other clients. Wall Street Coming to Crypto? Citi Said Yes ...

Citi, the third-largest bank in the United States, has made a strategic investment in BVNK, a London-based stablecoin infrastructure firm backed by Coinbase and Tiger Global. The move comes amid clearer regulations and rising demand for stablecoins among US banks. BVNK operates a payments platform that enables global transactions using stablecoins, allowing easy conversion between fiat and crypto. In a recent interview with CNBC, co-founder Chris Harmse said that the startup has seen strong growth in the ...

Multicoin Capital managing partner Tushar Jain has predicted that the GENIUS Act will trigger a competitive upheaval in retail banking, with major technology companies poised to challenge traditional banks by offering stablecoin products with superior yields and user experiences. Jain argued that banks have long exploited retail depositors by paying minimal interest rates. He foresaw that tech giants like Meta, Google, and Apple would soon leverage their massive distribution networks to offer stablecoi ...