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Citi enters digital assets custody market

CryptocurrenciesGlobal custodian Citi has become the latest firm to reveal its plans for a digital asset custody service.

It has teamed up with Swiss fintech Metaco to integrate its Harmonise platform in a bid to develop an institutional-grade digital asset custody offering.

“We are witnessing the increasing digitization of traditional investment assets along with new native digital assets,” said Okan Pekin, global head of securities services at Citi.

He added that Citi is looking to develop new capabilities “to support digital asset classes that are becoming increasingly relevant to our clients”.

©2022 fundsTech

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