Citibank Enters the Crypto Race: Custody Platform Set for 2026 Launch Amid In...
Citibank is officially joining the crypto custody race, announcing plans to launch a regulated digital asset storage platform in 2026 after more than three years of development. Related Reading: Strategy Resumes Bitcoin Buying: Another 220 BTC Added The action marks one of Wall Street’s clearest commitments yet to integrating blockchain infrastructure into mainstream finance, as […]
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Citibank, a major global banking institution, revealed on Wednesday that it has hired Switzerland-headquartered crypto custody firm Metaco to establish a digital asset custody platform. The collaboration will focus on tokenized securities, which are representations of stocks and bonds that are transferred and settled using blockchain technology, according to an email from a Citibank official. […]
One of Wall Street’s largest financial institutions, Morgan Stanley, has announced plans to launch cryptocurrency trading on its E*Trade platform in the first half of 2026, facilitated through a partnership with Zerohash, a company specializing in infrastructure for digital assets. Reuters reported on Tuesday that E*Trade clients will initially have the opportunity to trade major […]
Zodia Custody is currently pending approval by the U.K.'s Financial Conduct Authority and is expected to launch in 2021.
Woori Bank, the South Korean financial institution, enters the DACS (cryptocurrency custody services) market. The Woori Financial Group will start offering its client cryptocurrency custody services. It is among the largest South Korean financial institutions. Related Reading | Nifty’s Inc. Partners With Warner Bros To Roll Out A Social NFT Platform The banking unit of […]
When the instances of overcharging and the use of “deceptive marketing” techniques to exploit customers are increasing in numbers, the decision by the federal government to order Citibank to pay $700 million to customers is exemplary. The official website of the CFPB says that 8.8 million customers will be compensated in the payout, which includes 7 million people overcharged directly by Citibank and another 1.8 million customers of the bank’s subsidiaries. The action was taken by the CFPB in coordination with the Office of the Comptroller of the Currency, which is separately ordering a....