MASSIVE FOR BITCOIN. đ¨
One of the worldâs biggest banks is getting ready to bring Bitcoin deeper into traditional finance.
Citi plans to launch bank-grade custody for native crypto assets like Bitcoin later this year.
Think about what that means.
Institutions wonât need to deal with wallets, private keys or unfamiliar crypto infrastructure themselves.
They can hold Bitcoin through a banking giant they already know.
And this isnât some random crypto company.
Citiâs Investor Services business has roughly $31.4 TRILLION in assets under custody and administration.
That doesnât mean $31.4T is flowing into Bitcoin.
It means the infrastructure is being built to make Bitcoin a normal financial asset for institutional clients.
This is the bigger story.
Bitcoin is slowly moving from:
âcrypto assetâ â âinstitutional asset.â
Wall Street isnât ignoring Bitcoin anymore.
Itâs building the rails to hold it.
One of the worldâs biggest banks is getting ready to bring Bitcoin deeper into traditional finance.
Citi plans to launch bank-grade custody for native crypto assets like Bitcoin later this year.
Think about what that means.
Institutions wonât need to deal with wallets, private keys or unfamiliar crypto infrastructure themselves.
They can hold Bitcoin through a banking giant they already know.
And this isnât some random crypto company.
Citiâs Investor Services business has roughly $31.4 TRILLION in assets under custody and administration.
That doesnât mean $31.4T is flowing into Bitcoin.
It means the infrastructure is being built to make Bitcoin a normal financial asset for institutional clients.
This is the bigger story.
Bitcoin is slowly moving from:
âcrypto assetâ â âinstitutional asset.â
Wall Street isnât ignoring Bitcoin anymore.
Itâs building the rails to hold it.