{"id":63305,"date":"2022-06-22T17:00:08","date_gmt":"2022-06-22T14:00:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63305"},"modified":"2025-09-05T23:18:07","modified_gmt":"2025-09-05T20:18:07","slug":"citigroup-to-launch-custodial-platform-for-digital-currencies","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/citigroup-to-launch-custodial-platform-for-digital-currencies\/","title":{"rendered":"Citigroup to launch custodial platform for digital currencies"},"content":{"rendered":"<p>Citigroup has chosen infrastructure company Metaco as a partner to launch a pilot platform for custody and management of digital assets.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">\ud83e\udd1d\ud83c\udffb We\u2019re incredibly proud to share that <a href=\"https:\/\/twitter.com\/Citi?ref_src=twsrc%5Etfw\">@Citi<\/a>, one of the world\u2019s leading <a href=\"https:\/\/twitter.com\/hashtag\/custodian?src=hash&#038;ref_src=twsrc%5Etfw\">#custodian<\/a> banks, has selected METACO to develop and pilot Digital Asset Custody capabilities.<\/p>\n<p>Read the full press release here: <a href=\"https:\/\/t.co\/W451ALDtL3\">https:\/\/t.co\/W451ALDtL3<\/a><a href=\"https:\/\/twitter.com\/hashtag\/digitalassets?src=hash&#038;ref_src=twsrc%5Etfw\">#digitalassets<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/digitalcustody?src=hash&#038;ref_src=twsrc%5Etfw\">#digitalcustody<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/globalcustodian?src=hash&#038;ref_src=twsrc%5Etfw\">#globalcustodian<\/a> <a href=\"https:\/\/t.co\/ziIGfcJLfO\">pic.twitter.com\/ziIGfcJLfO<\/a><\/p>\n<p>\u2014 METACO (@metaco_sa) <a href=\"https:\/\/twitter.com\/metaco_sa\/status\/1539507304982265856?ref_src=twsrc%5Etfw\">June 22, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As part of the collaboration, Citi will integrate the Harmonize solution from the Swiss firm.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWe are innovating and developing new capabilities to support digital asset classes that are becoming increasingly relevant for our clients\u00bb, \u2014 said Okan Pekin, head of Citi Securities Services.<\/p>\n<\/blockquote>\n<p>According to the press release, the new partnership will allow the bank to expand its digital-asset operations by leveraging existing technology, operating, and service models.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe Citi network, with its extensive global reach, combined with the performance of the Harmonize platform, will enable safe and efficient expansion into new markets,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>The technological capabilities developed in collaboration with Metaco will become a &#8220;integral part of Citi&#8217;s digital assets group strategy,&#8221; the bank noted.<\/p>\n<p>The conglomerate has more than 200 million client accounts and operates in more than 160 countries and jurisdictions. Citi Securities Services holds and manages assets totaling more than $27 trillion.<\/p>\n<p>In November 2021, Citigroup announced the launch of a <a href=\"https:\/\/forklog.com\/en\/news\/citigroup-to-launch-digital-assets-unit-for-institutional-clients\">cryptocurrency-focused<\/a> division to serve institutional clients.<\/p>\n<p>Prior to that, a similar group <a href=\"https:\/\/forklog.com\/en\/news\/citigroup-forms-digital-assets-unit\"> was created within the structure<\/a> of Citi Global Wealth Investments&#8217; asset management arm.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Citigroup has chosen infrastructure company Metaco as a partner to launch a pilot platform for custody and management of digital assets.<\/p>\n","protected":false},"author":1,"featured_media":63306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1798,1156],"class_list":["post-63305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-citigroup","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=63305"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63305\/revisions"}],"predecessor-version":[{"id":63307,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63305\/revisions\/63307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/63306"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=63305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=63305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=63305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}