Citigroup is preparing to launch a crypto custody service in 2026, aiming to store digital assets like bitcoin and ether for institutional clients, according to CNBC.

Crypto funds pulled in $3.17 billion last week despite the sharp market downturn sparked by U.S.-China tariff concerns, according to CoinShares.

Nigel Farage called on the UK to introduce crypto regulation urgently, warning the country is falling behind as a financial center. Speaking at the Digital Asset Summit in London, the Reform UK leader criticized the lack of a regulated crypto market.

Top stories in the Crypto Roundup today:

• Citi Plans 2026 Crypto Custody Rollout, Targeting Institutional Clients
• Crypto Funds Pull $3.2B in Weekly Inflows Despite Market Crash
• Farage Urges UK to Regulate Crypto, Pitches Reform Bill Ahead of Election

Citi Plans 2026 Crypto Custody Rollout, Targeting Institutional Clients

Citigroup is preparing to launch a crypto custody service in 2026, aiming to store digital assets like bitcoin and ether for institutional clients, according to CNBC.

The platform has been in development for two to three years, said Biswarup Chatterjee, Citi’s global head of partnerships and innovation. The bank is using a hybrid approach, building some tools in-house and considering third-party providers for others.

The service would give asset managers and other clients a regulated way to hold crypto, a key hurdle for many traditional investors.

Citi is also evaluating the launch of a stablecoin but says tokenized bank deposits are a more immediate priority. The bank recently invested in stablecoin payments startup BVNK through its venture arm, Citi Ventures.

Crypto Funds Pull $3.2B in Weekly Inflows Despite Market Crash

Crypto funds pulled in $3.17 billion last week despite the sharp market downturn sparked by U.S.-China tariff concerns, according to CoinShares.

Bitcoin funds led with $2.7 billion in inflows. But ether products saw a $172 million outflow on Friday, the largest single-day drop among major crypto assets.

Total trading volumes hit a record $53 billion for the week, with $15.3 billion traded on Friday alone. However, total assets under management fell to $242 billion from $254 billion the week prior.

Altcoin inflows also slowed. Solana and XRP funds dropped from the previous week’s highs, even as ETF interest grows. Over a dozen crypto ETF applications remain pending in the U.S. amid the ongoing government shutdown.

Farage Urges UK to Regulate Crypto, Pitches Reform Bill Ahead of Election

Nigel Farage called on the UK to introduce crypto regulation urgently, warning the country is falling behind as a financial center. Speaking at the Digital Asset Summit in London, the Reform UK leader criticized the lack of a regulated crypto market.

“This whole area of digital assets and crypto just isn’t being talked about at all,” Farage said. “We’ve got no regulated market.”

Reform UK unveiled a draft bill in May aimed at making the UK more attractive to crypto investors. The proposed legislation includes cutting capital gains tax on digital assets and building a strategic bitcoin reserve. Farage promised to enact the bill quickly if his party wins the next election.

Reform’s crypto push is part of a broader strategy to appeal to younger voters. Farage has drawn comparisons to Donald Trump, whose administration has embraced crypto-friendly policies since returning to office in January.

“When it comes to your industry, when it comes to growth in this industry, then I am your champion.” Farage told the summit audience.

State of the Crypto by Top Tier Exchange Volume

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