Citi Unveils Custody+ Suite with Real-Time Solutions for Institutions

Citi Investor Services has launched Custody+, a comprehensive suite of near- and real-time custody solutions designed to support always-on markets and institutional needs. This move follows the U.S. rollout of Citi's patented Single Event Processing technology, which now handles over 80% of total event volume in real time.

Custody+ offers real-time asset servicing that cuts voluntary corporate action processing times by up to 92% in the U.S., with 96% of such events completed in under two hours. The suite also provides instant settlements across 62 proprietary markets, on-demand FX, and real-time cash and liquidity management via Citi Token Services.

Amit Agarwal, head of custody at Citi Investor Services, stated: 'Custody+ is the product of a multi-year commitment to building infrastructure that matches the speed of our clients' strategies. We have designed each solution to help clients simplify their operating models amid increasing complexities in the operating environment.'

Citi expects to go live with digital asset custody later this year, starting with Bitcoin (BTC) custody built on Citi's common digital asset architecture.