Citi Prepares Institutional Clients for Crypto with Bitcoin Custody Launch

Citigroup plans to launch Bitcoin custody for institutional clients later this year. This service will allow them to hold both crypto and traditional assets through a single framework, simplifying their infrastructure needs.

The new offering is part of Custody+, a suite of real-time custody solutions launched by Citi alongside its US rollout of Single Event Processing technology. The platform now processes over 80% of Citi's asset-servicing volume in real time, reducing processing times for voluntary corporate actions by up to 92%. This means clients can access their assets quickly and efficiently.

Custody+ aims to provide a seamless experience for institutional clients, integrating traditional securities and crypto custody into one framework. This is the foundation on which Citi Token Services already operates, moving tokenized deposits near-instantly across select markets on a 24/7 basis. Bitcoin custody extends this capability to digital assets.