Coinbase and Citi have announced a strategic collaboration aimed at simplifying how institutions convert between fiat and digital assets to settle payments, manage treasury, and optimise financial infrastructure.
The partnership, revealed on 27 October, combines Coinbase’s digital asset infrastructure with Citi’s global payments network spanning 94 markets and over 300 clearing systems.
A joint release outlines a shared focus on improving institutional on-ramps and off-ramps—critical tools for converting between fiat and stablecoins. These systems underpin broader integration of digital assets into financial operations, and the partners are exploring ways to make them faster, more reliable, and available 24/7.
This move builds on Citi’s recent momentum in blockchain-enabled payments. As reported by Capital Pioneer, Citi has integrated its Citi Token Services with its 24/7 USD Clearing solution, enabling instant cross-border payments for institutional clients in the UK and US. The bank’s use of a private, permissioned blockchain to facilitate tokenised liquidity transfers signals a growing commitment to “always-on” financial infrastructure.
The latest collaboration signals the companies’ broader mission to make digital assets “a trusted and integral part of the global economy”.
In the release, Coinbase noted: “By working with Citi and other major banks, asset managers, payment service providers, and other financial institutions, we’re building the infrastructure that the global economy needs to adopt and scale digital asset solutions.”
