Citi to Offer Bitcoin Custody for Institutional Clients

The signal here is less about bitcoin than about custody as a competitive frontier: a global custodian folding a crypto asset into an existing institutional platform normalizes it as a line item alongside traditional holdings. That matters most for asset managers and corporates whose mandates or compliance frameworks have kept crypto at arm's length. The open question is whether other large custodians follow, and how regulators and counterparties treat bank-held crypto custody as the offering scales.