Citigroup officially moves into bitcoin custody! Scheduled to go live as early as before the end of the year, with a dual-track strategy combining in-house development and external partnerships.
Citigroup officially enters bitcoin custody, with a launch targeted for this year-end at the earliest
Major Wall Street banks continue to expand their footprint in cryptocurrency-related services. Citigroup announced that it plans to roll out a bitcoin (BTC) custody service for institutional clients by the end of 2026, enabling asset management firms and other large financial institutions to hold and manage bitcoin through traditional banking channels.
Biswarup Chatterjee, global head of Citigroup’s services division, said the company aims to formally launch the service later this year and is currently completing product and infrastructure preparations. Bitcoin is expected to be the first supported digital asset, with the possibility of gradually expanding to other crypto assets afterward.
The service will be integrated into Citigroup’s Custody+ platform. Designed primarily for institutional clients, the platform combines functions such as asset custody, settlement, foreign exchange, and cash management. With bitcoin added, clients can manage traditional securities and digital assets simultaneously through their existing financial services framework.
Citigroup has been laying groundwork for cryptocurrency custody for years. As early as 2021, the company began studying digital asset custody services and evaluating how to incorporate blockchain assets into existing institutional financial infrastructure.
$BTC #花旗拟今年推出机构比特币托管
Citigroup officially enters bitcoin custody, with a launch targeted for this year-end at the earliest
Major Wall Street banks continue to expand their footprint in cryptocurrency-related services. Citigroup announced that it plans to roll out a bitcoin (BTC) custody service for institutional clients by the end of 2026, enabling asset management firms and other large financial institutions to hold and manage bitcoin through traditional banking channels.
Biswarup Chatterjee, global head of Citigroup’s services division, said the company aims to formally launch the service later this year and is currently completing product and infrastructure preparations. Bitcoin is expected to be the first supported digital asset, with the possibility of gradually expanding to other crypto assets afterward.
The service will be integrated into Citigroup’s Custody+ platform. Designed primarily for institutional clients, the platform combines functions such as asset custody, settlement, foreign exchange, and cash management. With bitcoin added, clients can manage traditional securities and digital assets simultaneously through their existing financial services framework.
Citigroup has been laying groundwork for cryptocurrency custody for years. As early as 2021, the company began studying digital asset custody services and evaluating how to incorporate blockchain assets into existing institutional financial infrastructure.
$BTC #花旗拟今年推出机构比特币托管
