Citi Announces Plan to Launch Institutional Bitcoin and Crypto Custody Services
Citigroup (ticker: C) is set to launch institutional digital asset custody services later in the year, starting with Bitcoin. This move follows the introduction of its new real-time custody solution called Custody+, which integrates advanced features such as AI-powered market intelligence, cash management, and FX capabilities. The bank has already rolled out Single Event Processing (SEP) technology across U.S. markets to support continuous trading environments. Citi's digital asset custody will be built on a common architecture that allows clients to manage both traditional securities and crypto assets within the same framework. The service is aimed at institutional investors seeking secure, regulated solutions for managing private keys. Citi’s expansion into digital assets aligns with growing interest from Wall Street in tokenization efforts and Bitcoin adoption. This includes plans to offer tokenized shares of private companies like Anthropic and OpenAI.
Tickers: $C
Topics: Bitcoin custody Citi Crypto services Institutional finance