Citi to custody bitcoin next to stocks and bonds on new platform

Citi is set to offer custody for bitcoin alongside traditional assets such as stocks and bonds on a new platform, according to a report by CryptoRank. The move would place the cryptocurrency within a custody framework that also covers established financial instruments.

Custody services involve the safeguarding and administration of assets on behalf of clients. In digital-asset markets, custody is a key piece of infrastructure because bitcoin ownership is controlled through cryptographic keys, creating different operational requirements from those used for conventional securities and bonds.

Citi is one of the world’s major banking groups, and its reported plan highlights continued interest among large financial institutions in building services around digital assets. Bringing bitcoin custody next to stocks and bonds could help connect digital-asset holdings with the systems institutions already use to oversee a broader range of client assets.

The report did not provide further details in the available material on the platform’s launch schedule, target users, supported jurisdictions, or the scope of services beyond bitcoin custody.