TradFi Conglomerates Plan to Expand Crypto Services in 2026
State Street and Citi are considering launching cryptocurrency custodial services in 2026 amid growing client interest in digital assets.
Two of the largest TradFi custodians, State Street and Citi, plan to introduce services for storing and managing digital assets in 2026, according to Ledger Insights, citing The Information.
State Street is the second-largest custodian in the world, with $46.6 trillion in AUC. Citi ranks fourth, overseeing $25 trillion in assets. Both companies are among the biggest financial conglomerates globally.
The report highlights that while both companies previously explored the crypto market, their initiatives were blocked by the SAB 121 accounting rule, which was repealed in late January 2025.
Their renewed interest in digital assets stems from increasing client demand. A July 2024 survey conducted by State Street among 300 institutional investors from various regions revealed strong interest in digital asset-related services.
A month later, State Street announced a partnership with Taurus, integrating asset custody, tokenization, and node management solutions into its Digital Asset Solutions platform, designed for institutional clients.
Citi is also actively exploring digital assets. In 2024, the bank launched Citi Token Services , a blockchain platform enabling institutional clients to tokenize deposits for cross-border payments, liquidity transfers, and automated trade finance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Last Shot to Flip $2K into $72K with Troller Cat – The Best New Meme Coin to Invest in Now as Shiba Inu and Dogwifhat Fight Bears
Shiba Inu trends, Dogwifhat gains traction, but Troller Cat's live presale is turning heads—positioning it among the Best New Meme Coins to Invest in Now.Last Hours of Stage 6: Join Presale Before Troller Cat’s Valuation SurgesDogwifhat Slides 5% to $0.00305 as Trading Volume and Momentum Cool OffShiba Inu Dips 7.35% to $0.00001336 as Market Cap Shrinks but Volume Jumps 43%Conclusion: Only One Presale is Offering Life-Changing ROI Potential Right Now
2025’s Top Cryptos to Invest in Right Now: Qubetics’ Secure Ecosystem, Tron’s Lending Leap, and Stellar’s Cross-Border AI Push
Explore why Qubetics, Tron, and Stellar are making headlines in 2025. Learn what makes them the top cryptos to invest in right now.Qubetics ($TICS) — Solving Real-World Blockchain Gaps with PrecisionTron (TRX) — Cementing Its Role in the Stablecoin EconomyStellar (XLM) — Revamping Cross-Border Payments with AI AssistanceConclusion
Capturing Whale Attention: 69% APY Makes Troller Cat One of the Best 100x Cryptos as Brett Slows and Keyboard Cat Stir
Discover the best 100x crypto opportunities as Troller Cat surges in presale, while Brett stumbles and Keyboard Cat gains momentum.Troller Cat ($TCAT): The Best 100x Crypto Presale Opportunity Right NowBrett ($BRETT): A Strong Start, but Signs of SlowdownKeyboard Cat ($KEYCAT): The Nostalgia Play Gaining Quiet MomentumConclusion
Pi Network Launches FruityPi and Targets Engagement with Real-World Cryptocurrency Usage
Trending news
MoreCrypto prices
More
