TradFi Conglomerates Plan to Increase Crypto Providers in 2026

State Avenue and Citi are contemplating launching cryptocurrency custodial companies in 2026 amid rising shopper curiosity in digital belongings.

Two of the most important TradFi custodians, State Avenue and Citi, plan to introduce companies for storing and managing digital belongings in 2026, in accordance with Ledger Insights, citing The Info.

State Avenue is the second-largest custodian on this planet, with $46.6 trillion in AUM. Citi ranks fourth, overseeing $25 trillion in belongings. Each firms are among the many largest monetary conglomerates globally.

The report highlights that whereas each firms beforehand explored the crypto market, their initiatives had been blocked by the SAB 121 accounting rule, which was repealed in late January 2025.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 performed by State Avenue amongst 300 institutional buyers from numerous areas revealed robust curiosity in digital asset-related companies.

A month later, State Avenue introduced a partnership with Taurus, integrating asset custody, tokenization, and node administration options into its Digital Asset Options platform, designed for institutional purchasers.

Citi can also be actively exploring digital belongings. In 2024, the financial institution launched Citi Token Providers, a blockchain platform enabling institutional purchasers to tokenize deposits for cross-border funds, liquidity transfers, and automatic commerce finance.

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