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Citi and State Street Plan Crypto Custody Services Amid SAB 121 Repeal

Citi and State Street, leading financial institutions with assets of $4 trillion and $6 trillion respectively, are moving into cryptocurrency custody services as President Trump quickly loosens regulations, including the repeal of SAB 121 in January
By: DeepNewz • February 14, 2025
Citi and State Street Plan Crypto Custody Services Amid SAB 121 Repeal

Citi and State Street, leading financial institutions with assets of $4 trillion and $6 trillion respectively, are moving into cryptocurrency custody services as President Trump quickly loosens regulations, including the repeal of SAB 121 in January.

Citi, the third-largest U.S. bank by assets, is considering adding crypto custody services and unveiling their CIDAP digital asset platform. State Street plans to launch digital asset custody services in 2026, pending regulatory approval.

This marks a significant shift in Wall Street's approach to digital assets, with other major banks like BNY Mellon and Goldman Sachs also exploring crypto-related services.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

Custody

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