Citi to Launch Bitcoin Custody as Wall Street Pushes Deeper Into Crypto

The banking giant plans to let institutional clients hold Bitcoin and traditional assets through the same custody framework.

The top 3

  1. Leading Banks Offering Crypto Trading & Investment: JPMorgan Chase utilizes its Onyx blockchain and JPM Coin for institutional payments, while Goldman Sachs operates a crypto trading desk for Bitcoin futures and other digital assets. Morgan Stanley provides wealthy clients access to Bitcoin funds.
  2. Major Banks Launching Crypto Custody Services: BNY Mellon launched Bitcoin custody in 2022, and US Bank is also live with crypto custody. Fidelity Digital Assets, a subsidiary of Fidelity Investments, has been offering custodial services for Bitcoin and other cryptocurrencies for institutional investors.
  3. Top Bank Investments in Crypto Infrastructure: JPMorgan Chase pioneered its Onyx blockchain platform and JPM Coin for digital asset transactions, while Bank of America holds over 160 blockchain technology patents. Citi invests over $2 billion annually in its platform strategy, including its new Custody+ platform for digital assets.

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