Citi plans to launch bitcoin custody later this year through its new Custody+ platform. The move gives institutional clients a single framework for managing traditional and digital assets. The bank expects the service to strengthen its position as financial markets move toward continuous trading.
Citi first outlined plans for native crypto custody in 2025. However, the bank now plans to make bitcoin the first supported digital asset. Additionally, clients will gain access to crypto custody alongside conventional custody services.
Building an Always-On Infrastructure
Custody+ will enable markets that continue to demand faster settlement and 24/7 operations. In addition to custody, the platform will provide real-time asset servicing, settlement tools and liquidity solutions.
Significantly, Citi will connect these services with its existing digital asset infrastructure. The bank already supports tokenized deposits across select markets.
Broader Tokenization Strategy
Moreover, Citi has expanded its blockchain initiatives through partnerships across financial infrastructure. It joined a Swift pilot supporting 24/7 cross-border payments using tokenized deposits.
Consequently, the custody launch could become another step toward institutional digital asset adoption. Citi also supports a planned bank-led tokenized deposit network targeting 2027.
Related: Securitize Launches Tokenized High-Income Fund With Neuberger Berman
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