Citi to Roll Out Institutional Bitcoin Custody Later This Year via Custody+

Citigroup said it is preparing to launch a digital asset custody service later this year, with Bitcoin set to be the first supported cryptocurrency. The offering will run through Custody+, a newly introduced suite aimed at near-realtime institutional custody. Citi said Custody+ is designed to deliver a single custody experience across traditional securities and crypto assets, allowing institutions to manage both within the same operating framework. Citi serves custody clients in more than 100 markets globally, with its custody business operating in 62 proprietary markets within its broader network. The bank also said it invests more than $2 billion each year in its services platform strategy. Citi positioned the custody rollout as part of a wider push into realtime market infrastructure. Custody+ uses the bank's Single Event Processing technology to support faster settlement and transaction processing. The suite also includes on-demand foreign exchange, automated hedging, and realtime execution tools. Citi added that it has expanded its Market Guide platform with AI-powered market intelligence features. Citi already supports near-instant, 24/7 movement of tokenized deposits through Citi Token Services. The bank said the new custody service extends that digital asset foundation into institutional safekeeping. The move places Citi alongside other major custodians expanding into native crypto custody, including BNY Mellon, State Street, and Standard Chartered. Citi has previously indicated a digital asset custody product was in development and now expects institutional Bitcoin custody to become available later this year through Custody+. Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.