Citibank Building Crypto Custody Service, Says Mass Digitization of Traditional Investments Taking Place

Citibank Building Crypto Custody Service, Says Mass Digitization of Traditional Investments Taking Place


Financial services giant Citibank is creating a crypto custody service, saying that a mass digitization of traditional investments is already underway.

According to a new press release, Citi has chosen Swiss-based crypto custody firm METACO as its partner to develop digital asset custody capabilities.

“This collaboration brings together METACO’s technology and digital solutions with Citi’s expansive custody network to develop a platform to enable clients to store and settle digital assets seamlessly and securely.

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Citi intends to fully integrate METACO’s bank-grade digital asset custody and orchestration platform, Harmonize, into its existing infrastructure, to develop and pilot digital asset custody capabilities…

This strategic partnership enables Citi to extend its existing capabilities to digital assets while leveraging its current technological, operating and servicing model.

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