Citi, Coinbase Partner to Enhance Digital-Asset Payment Capabilities for Institutional Clients

Citigroup Inc. (NYSE:C) is one of the most undervalued large cap stocks to buy right now. On October 27, the Wall Street bank Citi and the crypto exchange Coinbase Global Inc. (NASDAQ:COIN) announced a collaboration to boost digital-asset payment capabilities for Citi’s institutional clients. The partnership is designed to improve the orchestration of payments to better bridge traditional finance with crypto on- and off-ramps.

The companies project that this collaboration will result in smoother money transfers that are accessible 24/7 for Citi’s clients. Debopama Sen, the head of payments & services at Citi, stated that collaborating with Coinbase is a natural extension of Citi’s network of networks approach, given the bank’s operation of 300+ payment clearing networks across 94 markets globally.

Earlier in October 2025, Biswarup Chatterjee, Citi’s global head of partnerships and innovation, told CNBC that the bank was preparing to launch crypto custody services in 2026. Chatterjee expressed hope that the bank could come to market with a credible custody solution for asset managers and other clients in the next few quarters.

Citigroup Inc. (NYSE:C) is a diversified financial service holding company that provides various financial products and services to consumers, corporations, governments, and institutions.

Coinbase Global Inc. (NASDAQ:COIN) operates a platform for crypto assets in the US and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.