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.