Citi plans digital asset custody service launch with Bitcoin

Citigroup announced that it will launch a Bitcoin custody service for institutional clients later this year. Bitcoin will be the first cryptocurrency supported by the upcoming Custody+ platform, which integrates digital assets with traditional asset services. This expansion aims to connect crypto with infrastructure designed for continuous 24/7 markets and faster settlement. By incorporating digital assets into its core institutional platform, Citi seeks to reshape traditional finance dynamics and potentially accelerate the adoption of crypto among institutions.