Citi Plans to Launch Bitcoin Custody for Institutional Clients Later This Year
Citi expects to launch bitcoin custody services for institutional clients later this year, according to The Block and CoinDesk. The offering will run through a new platform the bank calls Custody+, per The Block.
- Custody+ will bundle bitcoin custody with real-time asset servicing, instant settlements, liquidity tools, and AI-powered market intelligence, according to The Block.
- Decrypt reports that institutional clients will be able to hold bitcoin alongside traditional assets within the same custody framework.
- The launch is described by all three outlets as part of Citi’s push to expand its digital asset services for institutional customers.
Decrypt frames the move as part of a broader trend of Wall Street banks deepening their involvement in crypto infrastructure. No specific launch date beyond “later this year” has been disclosed by Citi, according to the reports.
Sources: The Block, CoinDesk, Decrypt, CNBC
This article is for information only and is not financial advice.
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