External ReportingUpdated 14 小时前

Citigroup To Launch Bitcoin Custody For Institutional Clients

Leading U.S. commercial bank Citigroup (NYSE: $C) says it plans to offer Bitcoin (CRYPTO: $BTC) custody to its institutional clients by year's end.

Publisher Yahoo Finance 1 分钟阅读

Image via Yahoo Finance

100+ marketsCustody client market reach

62 marketsProprietary custody network

80%+Real-time transaction processing

92%Processing-time reduction

翻译中…

Why This Matters

A planned Bitcoin custody offering from a major U.S. commercial bank could lower operational barriers for pensions, hedge funds and other institutions that require regulated-style asset safeguarding. Integrating Bitcoin with existing custody infrastructure signals that digital-asset services are becoming more embedded in established institutional workflows.

Market Context

Bitcoin

BTC

$64,321

+0.23% 24h

Layer Index

Neutral

Layer Index

↓ 1 pts in 24h

Citigroup To Launch Bitcoin Custody For Institutional Clients

Leading U.S. commercial bank Citigroup (NYSE: $C) says it plans to offer Bitcoin (CRYPTO: $BTC) custody to its institutional clients by year's end.

The move by Citigroup will bring crypto into the same infrastructure the bank uses to safeguard traditional assets for institutional investors that include pensions and hedge funds.

Crypto custody is the secure storage and management of the private cryptographic keys required to access, own, and transfer digital assets on a blockchain.

News of the crypto custody service comes as Citigroup introduced "Custody+," a suite of services designed to make custody, settlement, foreign exchange and cash management faster.

The service, which does not yet have a set launch date, will start with Bitcoin and provide clients access to traditional and crypto custody through the same framework.

Citigroup's custody operation currently serves clients in more than 100 markets, including 62 markets where it runs its own custody network.

By adding Bitcoin custody, those clients will be able to keep their BTC with the same bank that holds their stocks and bonds, making it easier for institutions.

Citigroup says that its Bitcoin custody plans are part of a wider effort to make its systems faster and more efficient.

Management at Citigroup said more than 80% of its transactions are now processed in real time and that its new system has cut processing times by as much as 92%.

C stock has risen 46% over the last 12 months to trade at $137.62 U.S. per share.

Bitcoin is trading at $64,140 U.S. on Aug. 18.

Follow the Story