Citi plans to launch crypto custody service next year - CNBC

Citi is reportedly planning to roll out crypto assets custody service next year, according to a report by CNBC.

The report, citing source, said Citi has made progress in related development over the past few years and aims to launch reliable and credible custody solutions for asset managers in the upcoming quarters.

The investment bank will hold native crypto currencies for the upcoming service.

Citi is weighing both developing its own custody technology and partnering with third-party providers.

The source added stablecoins could hold particular appeal in regions with less developed financial systems.