State Road and Citi are contemplating launching cryptocurrency custodial companies in 2026 amid rising shopper curiosity in digital belongings.
Two of the biggest TradFi custodians, State Road and Citi, plan to introduce companies for storing and managing digital belongings in 2026, in accordance with Ledger Insights, citing The Info.
State Road is the second-largest custodian on this planet, with $46.6 trillion in AUC. Citi ranks fourth, overseeing $25 trillion in belongings. Each corporations are among the many largest monetary conglomerates globally.
The report highlights that whereas each corporations beforehand explored the crypto market, their initiatives have been blocked by the SAB 121 accounting rule, which was repealed in late January 2025.
Their renewed curiosity in digital belongings stems from rising shopper demand. A July 2024 survey carried out by State Road amongst 300 institutional buyers from varied areas revealed robust curiosity in digital asset-related companies.
A month later, State Road introduced a partnership with Taurus, integrating asset custody, tokenization, and node administration options into its Digital Asset Options platform, designed for institutional shoppers.
Citi can be actively exploring digital belongings. In 2024, the financial institution launched Citi Token Providers, a blockchain platform enabling institutional shoppers to tokenize deposits for cross-border funds, liquidity transfers, and automatic commerce finance.
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