Citi and Coinbase have announced a collaboration to enhance digital asset payment capabilities for Citi’s institutional clients, with plans to expand to global clients in the future. The partnership strengthens both companies’ leadership in global payment innovation.
The initial phase will focus on fiat pay-ins and pay-outs that support Coinbase’s on/off-ramps, the bridge between traditional fiat and digital assets, alongside advanced payment orchestration. Future initiatives may include exploring new ways to connect fiat directly to onchain stablecoin payouts.
Debopama Sen, Citi’s Head of Payments Services, said the partnership aligns with Citi’s global payment vision, describing it as a “natural extension of our network of networks approach.” She added that the goal is to make cross-border payments seamless for clients.
Coinbase’s Global Head of Crypto Services, Brian Foster, noted that Citi’s extensive network complements Coinbase’s digital asset expertise, helping simplify and expand access to digital asset payments.
Related: Coinbase Invests More in CoinDCX
The partnership builds on Citi’s existing 24/7 payment services, such as Citi® Token Services and USD Clearing, which offer real-time transactions. Citi, which serves 90% of the world’s top eCommerce companies and 15 of the 20 largest fintechs, continues to strengthen its position as a leader in digital financial innovation.
