Citi Unveils One-Stop Shop for Institutional Crypto Custody

Citi's Custody+ service will debut later this year, enabling institutional investors to custody both traditional assets and Bitcoin within one framework.

The bank first announced plans for a digital asset custody service last year, stating it had been developing the product for several years.

Citi is joining other American banks in expanding into the digital asset space following pro-crypto legislation and regulatory approach from US regulators.