Citigroup Inc (NYSE:C) is considering offering custody and payment services for stablecoins, and protecting the underlying assets of cryptocurrency ETFs.
The Wall Street banking titan is considering
- Citigroup stock has gain more than 35% this year. Track its prices live.
According to Reuters, the move would be one of the most significant forays by a legacy financial institution into the crypto custodial space, an area dominated primarily by digital-first companies such as Coinbase Global Inc (NASDAQ:COIN). The change could have ripple effects across blockchain infrastructure-linked ETFs, fintech innovations, and crypto-centric platforms.
ETFs That Could Benefit
- Blockchain Infrastructure ETFs: Vehicles such as the Amplify Transformational Data Sharing ETF (NYSE:BLOK) and the Global X Blockchain ETF (NASDAQ:BKCH) would also gain from greater investor trust in crypto custody security and authenticity. The presence of Citi would indicate institutional support for blockchain as a fundamental financial service.
- Fintech and Payment ETFs: The Global X …