Citi to Launch Bitcoin Custody Later This Year

Always-on markets

The launch comes as institutional investors deal with compressed settlement cycles and continuous trading, pressures long familiar to anyone tracking bitcoin’s 100% network uptime.

Citi’s custody business supports clients across more than 100 markets, including 62 proprietary markets.

Chris Cox, Head of Investor Services at Citi, said:

“Citi’s Services business invests over US$2 billion annually in its platform strategy with a focus on speed, scale and availability. Custody+ is a clear example of this investment as we build infrastructure to eliminate latency and drag for institutional investor clients.”

Infrastructure overhaul

The announcement coincides with the completion of the U.S. rollout of Citi’s patented Single Event Processing technology, which has cut processing times for voluntary corporate actions by up to 92%.

Over 80% of the bank’s total event volume is now handled in real time, with 96% of U.S. voluntary events processed in under two hours.

Amit Agarwal, Head of Custody at Citi Investor Services, said:

“Custody+ is the product of a multi-year commitment to building infrastructure that matches the speed of our clients’ strategies.”