Citi expects to launch bitcoin custody later this year under its new Custody+ platform
The platform also includes real-time asset servicing, instant settlements, liquidity tools, and AI-powered market intelligence.
Citigroup is preparing to launch bitcoin custody services later this year through its newly unveiled Custody+ platform, according to reporting by The Block. The offering will allow institutional clients to store bitcoin directly through one of the world's largest financial institutions, marking a significant step in Citi's digital asset strategy.
The Custody+ platform extends beyond simple asset storage. Alongside bitcoin custody, the platform incorporates real-time asset servicing, instant settlement capabilities, liquidity management tools, and AI-powered market intelligence features. The bundled approach signals that Citi is positioning the product as a comprehensive institutional infrastructure solution rather than a standalone custody offering.
The move reflects growing demand from institutional investors for regulated, bank-grade crypto custody services. Major financial institutions including BNY Mellon and Fidelity have previously entered the digital asset custody space, and Citi's entry further normalizes bitcoin as a legitimate asset class within traditional finance. Regulatory clarity in several jurisdictions, including evolving guidance in the United States, has made it more viable for large banks to offer such services without significant legal uncertainty.
Market participants will be watching for the official launch timeline, client onboarding details, and whether Citi plans to extend custody support to other digital assets beyond bitcoin. The integration of AI-driven analytics into the platform may also draw interest from institutional clients seeking data-driven insights alongside custody infrastructure.
Source: The Block
