Bitcoin Custody for Institutional Clients Is Coming to Citi Later This Year

Citigroup (NYSE:C) plans to launch Bitcoin (CRYPTO: BTC) custody for institutional clients later this year, letting them hold crypto and traditional assets through the same framework.

What Citi Is Actually Launching

According to a Citi press release Tuesday, Bitcoin custody forms part of Custody+, a new suite of real-time custody solutions the bank launched alongside completing its US rollout of Single Event Processing technology. 

The platform now processes over 80% of Citi’s asset-servicing volume in real time, cutting processing times for voluntary corporate actions by up to 92%.

The core pitch to institutional clients is simplicity. Traditional securities and crypto custody sit within the same integrated framework, so clients do not need separate infrastructure for each. 

Citi Token Services already moves tokenized deposits near-instantly on a 24/7 basis across select markets, and Bitcoin custody extends that same foundation into digital assets.

“Custody+ is the product of a multi-year commitment to building infrastructure that matches the speed of our clients’ strategies,” Citi Head of Custody Amit Agarwal noted in the release.

What Else Custody+ Covers