BTC integration plans accelerate Citigroup crypto custody launch in 2026, driven by institutional demand and ETF flows.
Citigroup Inc., a banking institution with approximately $2.5 trillion in assets, has announced plans to develop infrastructure to integrate Bitcoin (BTC) into traditional financial systems, according to reports.
The bank intends to complete construction of the new infrastructure by the end of 2024, and the launch of Bitcoin services for institutional clients is planned in 2026, the company said.
According to Bitcoin Magazine, Citigroup is developing systems designed to enable the use of Bitcoin within traditional financial networks. The infrastructure aims to connect banking systems to Bitcoin operations and facilitate the use of cryptocurrency in banking transactions.
The initiative represents an expansion of cryptocurrency services among major financial institutions as digital assets continue to gain traction in institutional markets.
Citigroup did not disclose additional details regarding the scope of services or specific features of the planned infrastructure.