Citi to L aunch Bitcoin Custody for Institutional Clients

$2.8T asset manager Citi Bank plans to launch a Bitcoin Custody+ program, letting clients hold Bitcoin alongside traditional assets. The Wall Street banking behemoth announced earlier today that it’s preparing to launch digital asset custody later this year, with Bitcoin being the first asset supported by Custody+.

The press release published on August 18 indicated that Custody+ will act as a suite of near- and real-time services designed to accommodate financial markets increasingly moving toward continuous trading and faster settlement. “Digital assets already operate on near-instant settlement, 24/7. Citi expects to go live with digital asset custody later this year, starting with the custody of Bitcoin. This is being built on Citi’s common digital asset architecture, and we will offer a one-stop custody experience. Clients will access traditional and crypto custody capabilities within the same framework for an integrated experience.”

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