Citi Unveils Real-Time Custody Platform, Prepares to Enter Bitcoin Space
Citigroup has launched a new custody platform for institutional investors that offers real-time solutions and cuts processing times. The platform is designed to provide near- and real-time custody services, enabling faster transactions and reduced costs for clients.
The bank's Investor Services business announced the launch on Tuesday, stating that it prepares to enter Bitcoin (BTC) custody later this year. This move marks a significant step towards expanding Citigroup's offerings in the digital assets space.
Citigroup's new platform is expected to enhance the overall customer experience and provide greater flexibility for institutional investors. The bank has not disclosed further details on the timeline for introducing Bitcoin custody services.