- Citi and Coinbase partner to offer 24/7 digital asset payments for institutions, bridging fiat and crypto through blockchain-based infrastructure.
- The new Citi–Coinbase alliance streamlines on/off-ramps and explores stablecoin payouts to advance global crypto payment access.
- Citi teams with Coinbase to simplify institutional crypto payments, merging traditional finance with blockchain-powered settlement tools.
Citi and Coinbase have entered into a global collaboration designed to transform digital asset payments for institutional clients, combining the bank’s extensive payment infrastructure with the crypto exchange’s blockchain expertise. The partnership seeks to make transfers between fiat and crypto smoother, faster, and available around the clock.
Initially, the project will focus on streamlining Coinbase’s on- and off-ramp systems and on developing improved payment orchestration for Citi’s institutional customers. The firms also plan to explore new payout options that use stablecoins as a bridge between fiat and blockchain settlements, with updates expected in the coming months.
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Institutional Innovation at Scale
According to Citi’s Head of Payments and Services, Debopama Sen, the partnership aligns with Citi’s goal of offering borderless financial transactions through its network of over 300 clearing systems across 94 countries. She said the collaboration reflects the bank’s ambition to provide its clients with innovative ways to make payments in an evolving financial ecosystem.
Coinbase executives echoed this view, describing the collaboration as an opportunity to extend the use of digital assets in institutional finance. Brian Foster, the company’s Global Head of Crypto as a Service, said that combining Citi’s reach with Coinbase’s technology will help simplify digital asset payments and broaden their accessibility. CEO Brian Armstrong added that stablecoins and crypto are now central tools for updating the global financial system.
The move builds on Citi’s existing digital innovations, including its 24/7 USD Clearing and Citi Token Services. For Coinbase, it represents another step toward integrating blockchain infrastructure into mainstream financial operations.
Through this alliance, the two firms aim to lay the groundwork for an always-on, crypto-compatible payments ecosystem that serves institutions worldwide.
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