Key Notes

Citi targets custody of high-quality reserves backing stablecoins following federal requirements under Trump's GENIUS Act legislation.

The bank plans real-time cross-border stablecoin transactions, building on existing tokenized dollar transfer services across major hubs.

Growing $280B stablecoin market and $100B Bitcoin ETF demand create institutional opportunities beyond Coinbase's current dominance.

Citigroup is considering launching custody services for stablecoins and the digital assets backing cryptocurrency exchange-traded funds (ETFs), according to a Reuters interview with Biswarup Chatterjee, Citi’s global head of partnerships and innovation.

The move would pit Citi against Coinbase, which currently serves as custodian for more than 80% of US-listed crypto ETFs. The

See Full Page