Wall Street Giant Citi to Launch Bitcoin Custody Service

Financial powerhouse Citi is getting ready to offer digital asset custody services to institutional clients. The plan is to launch these tools later this year, with Bitcoin being the first asset supported on the platform.

The service is part of a new suite called Custody Plus. Citi says this move is a direct response to the high demand from large institutional investors who want a reliable way to manage their cryptocurrency holdings.

This shift shows how major traditional banks are becoming more comfortable with digital assets. By offering institutional custody, Citi helps bridge the gap between traditional finance and the growing crypto market.

Investors should keep an eye on the official rollout date and any additional tokens Citi adds to its list of supported assets after the initial launch.