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State Street and Citigroup Prepare to Enter Crypto Custody Market in 2025
The increasing demand for crypto custody services has led to the announcement that State Street and Citigroup are preparing to enter the market in 2025. This move marks a significant step towards mainstream acceptance of cryptocurrencies and digital assets.
As traditional banks, such as State Street and Citigroup, expand their presence in the cryptocurrency space, institutional investors will now have more options for secure storage solutions for their digital asset holdings. The introduction of crypto custody services by these major financial institutions is expected to increase competition in the market and lead to further innovation.
State Street’s plans, which are set to launch in 2026, aim to provide a comprehensive solution for institutional clients looking for reliable and secure storage options for their digital assets. The company has been actively exploring opportunities within the digital finance space since the establishment of its division, State Street Digital, in 2021.
Source: http://www.crypto-news.net
