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Citigroup to launch institutional Bitcoin custody via Custody+ platform
Citigroup has announced plans to launch institutional Bitcoin custody services later this year through its new Custody+ platform. This initiative aims to integrate digital assets directly into the bank's existing financial infrastructure, allowing institutional clients to manage both traditional securities, such as stocks and bonds, and Bitcoin within a single, unified framework.
The Custody+ platform is designed to support the 24/7 nature of digital asset markets by providing near-real-time asset servicing, settlement, liquidity management, and foreign exchange services. This move follows a broader modernization of Citi's infrastructure; the bank reported that its Single Event Processing technology has already enabled over 80% of its asset-servicing events to be processed in real time, with some processing times reduced by as much as 92%.
Industry analysts note that Citigroup's entry into the space follows similar moves by BNY, Fidelity Digital Assets, and Coinbase. The regulatory environment in the United States has also become more favorable following the SEC's repeal of Staff Accounting Bulletin 121, which previously increased the costs for banks to custody digital assets. While Bitcoin will be the first supported asset, the bank's infrastructure is built to accommodate the continuous trading requirements of modern financial markets.
Entities
Amit Agarwal · Bitcoin · Citigroup · Custody+ · U.S. Securities and Exchange Commission
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 4 SOURCES] The U.S. Securities and Exchange Commission repealed Staff Accounting Bulletin 121, easing the regulatory path for banks to offer crypto custody. www.blockmedia.co.kr · www.tokenpost.com · www.cryptopolitan.com · unchainedcrypto.com
- [● 4 SOURCES] Citi provides custody services in over 100 markets, with its own network in 62 of them. www.blockmedia.co.kr · www.tokenpost.com · unchainedcrypto.com · www.pymnts.com
- [● 5 SOURCES] Approximately 96% of voluntary corporate actions in the U.S. are completed within two hours. www.blockmedia.co.kr · www.tokenpost.com · www.crypto-news-flash.com · unchainedcrypto.com · watcher.guru
- [● 9 SOURCES] Citigroup plans to launch Bitcoin custody services for institutional clients later this year. www.blockmedia.co.kr · nosmokesport.com · www.tokenpost.com · bitcoinethereumnews.com · crypto.news · +4 more
- [● 5 SOURCES] New technology has reduced certain custody-related processing times by up to 92%. www.blockmedia.co.kr · www.tokenpost.com · www.crypto-news-flash.com · unchainedcrypto.com · watcher.guru
- [● 9 SOURCES] The new service will be part of the Custody+ platform, which integrates traditional and digital asset management. www.blockmedia.co.kr · nosmokesport.com · www.tokenpost.com · bitcoinethereumnews.com · crypto.news · +4 more
- [● 2 SOURCES] Citi invests more than $2 billion annually in its services platform strategy. crypto.news · unchainedcrypto.com
- [● 6 SOURCES] Over 80% of Citi's asset-servicing events are currently processed in real time. www.blockmedia.co.kr · www.tokenpost.com · www.crypto-news-flash.com · crypto.news · unchainedcrypto.com · +1 more