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Financial giant Citigroup plans to launch a secure digital asset storage service. According to preliminary data, the product is scheduled for release in 2026. This step fits into the bank's overall strategy of actively implementing new technologies, which are becoming increasingly in demand among its large institutional and corporate clients.

The Citigroup team has been working on the creation of a crypto depository for several years. Biswarup Chatterjee, Head of Global Partnerships and Innovation, said that the bank expects to offer its clients, including asset managers, a ready-made and reliable solution in the near future. The main task of the service will be to ensure the safe storage of digital currencies and tokens for customers.

Citigroup's decision to launch a crypto depository is part of the bigger picture. Now everything in the financial market is moving towards the crypt.Now that the SEC has approved the launch of Bitcoin and Ethereum ETFs from giants such as BlackRock and Fidelity, large investors are seriously interested in crypto.

Therefore, no one should be surprised that Citigroup has launched a cryptocurrency storage service – this is quite logical if you look at what is happening around. Here, competitors have pushed, and new rules have influenced, and investors are becoming more and more interested.