Citigroup Launches Institutional Bitcoin Custody Service, Becomes 6th Global Systemically Important Bank

Citigroup Wealth has released a report titled "Expanding the Investable Universe: A Guide to Crypto ETFs," promoting spot BTC and ETH ETFs to suitable clients as a way to allocate digital assets through regulated brokerage accounts. On August 18, Citigroup announced that its Custody+ platform will begin providing Bitcoin custody services for institutional clients this year. Citigroup will become the 6th bank among the 29 global systemically important banks to launch or announce institutional Bitcoin custody services, following BNY Mellon, Standard Chartered, Société Générale, State Street, and Deutsche Bank.

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