Citi Investor Services has launched Custody+, a custody solutions suite designed to address shorter settlement cycles and demand for perpetual trading markets. According to Odaily, the suite uses Single Event Processing technology in the U.S. to enable real-time asset servicing, cutting voluntary corporate action processing time by as much as 92% and completing 96% of U.S. voluntary events within two hours. It also handles more than 80% of event volume in real time and includes real-time asset servicing, instant settlement, on-demand foreign exchange, real-time cash and liquidity management, AI-driven tax acceleration, and market intelligence, with data available to clients through cloud and API access.
