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Wire · operational-macro

Citi plans to launch crypto custody this year

18 August 2026 · By · Wire by Fusion42

Published

18 August 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

United States

◆ Source

Read at ledgerinsights.com →

◆ Verified

Fusion42 · 18 August 2026 · Fusion42 review

Citi plans to launch its crypto custody service later this year as part of its new Custody+ platform, beginning with Bitcoin. This move follows the recent rescission of SEC accounting rule SAB 121, which previously made crypto custody financially prohibitive for banks.

This Wire brief sits within Fusion42's coverage of Fintech.

◆ ◆ The Wire takeaway

Citi’s entry into crypto custody unlocks a large market previously inaccessible for big banks due to SEC rules. You should engage with custody providers or strategize entry now as the largest US bank’s move signals broad institutional adoption is accelerating.

◆ Coverage

1 source · 18 Aug 2026

◆ Related on Wire

◆ Topics

Fintechcrypto-custodybankingSEC-rulebitcoindigital-assets