Share this article
Citibank Chooses Swiss Firm Metaco for Digital Asset Custody
The custody platform integration is with Securities Services and will focus on tokenized securities to begin with.
By Ian Allison
Updated May 11, 2023, 5:36 p.m. Published Jun 22, 2022, 7:53 a.m.
Banking powerhouse Citibank (C) has selected Swiss cryptocurrency custody firm Metaco to develop the bank’s digital assets safekeeping capabilities.
Citi, which holds about $27 trillion assets under custody, intends to fully integrate Metaco’s “Harmonize” crypto custody platform, the companies said on Wednesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The announcement concerns Citi’s Securities Services team, a representative for the bank pointed out via email, meaning the focus for now will be on things like tokenized securities: representations of stocks and bonds moved around and settled using blockchain tech.
Like Goldman Sachs (GS) and JPMorgan (JPM), Citi offers trading in bitcoin futures, and in November of last year the bank revealed plans to hire 100 staffers to beef up a digital assets division for institutional clients.
“We are witnessing the increasing digitization of traditional investment assets along with new native digital assets. We are innovating and developing new capabilities to support digital asset classes that are becoming increasingly relevant to our clients,” said Okan Pekin, Global Head of Securities Services at Citi in a statement.
Metaco has provided crypto custody plumbing for a number of banks, including Spain’s BBVA (BME) and GazpromBank (Switzerland). The Swiss technology firm is also working with the digital asset division of IBM, a favorite infrastructure provider for most of the world’s banks.
Mais para você
O que saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mais para você
Cross-Chain Liquidity Protocol LI.FI Raises $29M in Series A Extension
The Berlin-based bridging and swap infrastructure provider has now raised $51.7M in total funding and processed more than $60B in onchain volume.
O que saber:
- LI.FI closed a $29 million Series A extension, bringing total funding to $51.7 million.
- The protocol powers swaps and cross-chain transfers for platforms including Robinhood, Binance, Kraken, MetaMask, Phantom, Ledger, Hyperliquid, Circle and Alipay.
Top Stories
