Citibank to Launch Institutional Bitcoin Custody Services in 2026, Boosting Institutional Adoption. Nisha Surendran, Head of Digital Asset Custody, revealed the plan at an industry event. The service will offer institutional-grade custody, key management, and wallet systems, featuring tax reporting, compliance, risk management, SWIFT transfers, and API connectivity. The initiative aims to reduce operational barriers for institutional investors. Bitcoin news continues to underscore major bank involvement in the space.
Odaily Planet Daily reports: Nisha Surendran, Head of Digital Asset Custody Development at Citibank, announced at a Strategy industry event that Citibank plans to integrate Bitcoin into its core banking services by late 2026, offering institutional-grade custody, key management, and wallet systems.
The platform will extend traditional tax reporting, compliance oversight, and risk management processes to Bitcoin holdings, supporting 24/7 operations, SWIFT global payment messaging, and API connectivity. Citibank, which currently manages approximately $30 trillion in assets, aims to remove operational barriers to cryptocurrency assets for institutional investors such as pension funds and insurance companies.
Surendran stated that the first phase will launch core custody functions, with subsequent expansions to services such as asset segregation and collateral management.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.
This detailed match analysis covers key moments, player performances, and tactical insights.