Citigroup is the Latest Bank to Offer Crypto Custody: Here’s How it Will Affect the Market

According to Business Insider’s Frank Chaparro, sources close to Citibank revealed that the $175 billion New York-based bank will offer crypto custody solutions to institutional investors. Through the launch of a product called Digital Asset Receipt (DAR), Citigroup will enable institutional investors to invest in cryptocurrencies in a fully insured and regulated manner.

Source: Citigroup is the Latest Bank to Offer Crypto Custody: Here’s How it Will Affect the Market