CoinDesk
Citi to Launch Bitcoin Custody for Institutional Clients - Wall Street Bank Embraces Crypto
August 18, 2026•10:25 AM
Wall Street giant Citibank is set to disrupt traditional finance by announcing Bitcoin custody services for institutional clients later this year. Through its new "Custody+" platform, clients will be able to hold Bitcoin alongside traditional assets, marking a significant milestone in institutional cryptocurrency adoption. This move signals a major shift in the stance of major financial institutions toward cryptocurrencies, indicating growing legitimization of Bitcoin within the traditional financial system. With Citi entering the cryptocurrency custody space, other major financial institutions are likely to follow suit, potentially accelerating the adoption of Bitcoin and other cryptocurrencies in the institutional investment market.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
Read Full Article at CoinDesk⚡
Support Jornal Bitcoin
Independent journalism, curated by AI, no clickbait. Keep the flame alive with any amount of BTC.
Wallet of Satoshi
jonata@walletofsatoshi.comDaily Crypto Brief 📬
Subscribe to receive the curation of the most important Bitcoin and crypto news, summarized by AI. No spam.
Join more than 10,000 smart readers.
Related News
CoinDesk
BitGo secures South Korea virtual asset license, claims to be first global crypto firm to do so
BitGo has secured a virtual asset license in South Korea, claiming the title of the first global cryptocurrency company to achieve this regulatory milestone. The move positions BitGo strategically within Asia's rapidly evolving crypto landscape, backed by major financial players Hana Financial Group and SK Telecom. BitGo Korea, built from the ground up as a locally registered entity, is now poised to serve institutional and enterprise clients in one of the world's most regulated crypto markets.
This achievement represents a significant breakthrough for cryptocurrency adoption in regulated markets, demonstrating that global firms can successfully navigate South Korea's complex regulatory requirements. By choosing to build a locally registered entity from scratch rather than acquiring an existing company, BitGo signals its long-term commitment to the Korean market. This strategy could set a precedent for other global crypto firms expanding into Asia, as South Korea's crypto market continues to demonstrate resilience and growth despite its stringent regulatory environment.
This achievement represents a significant breakthrough for cryptocurrency adoption in regulated markets, demonstrating that global firms can successfully navigate South Korea's complex regulatory requirements. By choosing to build a locally registered entity from scratch rather than acquiring an existing company, BitGo signals its long-term commitment to the Korean market. This strategy could set a precedent for other global crypto firms expanding into Asia, as South Korea's crypto market continues to demonstrate resilience and growth despite its stringent regulatory environment.
06:25 AMRead Brief →
CoinTelegraph
BitGo Korea Beats Deadline, Secures VASP Registration for Institutional Crypto Custody
BitGo Korea has successfully secured Virtual Asset Service Provider (VASP) registration from the Korea Financial Intelligence Unit, establishing a regulatory foundation to offer digital asset custody services to institutions. The approval came just two days before stricter VASP entry requirements took effect, positioning BitGo strategically in the South Korean cryptocurrency market.
The company established its local entity rather than acquiring an existing registered provider, building security, anti-money laundering, internal control, and operational frameworks tailored to South Korean requirements. This achievement not only strengthens BitGo's presence in the Asian market but also sends a clear signal about regulatory compliance in the cryptocurrency sector, highlighting the importance of security and compliance for institutional and enterprise clients seeking digital asset custody solutions.
The company established its local entity rather than acquiring an existing registered provider, building security, anti-money laundering, internal control, and operational frameworks tailored to South Korean requirements. This achievement not only strengthens BitGo's presence in the Asian market but also sends a clear signal about regulatory compliance in the cryptocurrency sector, highlighting the importance of security and compliance for institutional and enterprise clients seeking digital asset custody solutions.
04:48 AMRead Brief →
CoinTelegraph★ Featured
FalconX, Ethena Launch $1B Credit Facility Using USDe Backing Assets
FalconX and Ethena have jointly launched a $1 billion secured lending facility that will deploy assets backing the USDe stablecoin into overcollateralized loans for institutional borrowers. This strategic partnership marks a significant expansion of Ethena's yield generation capabilities beyond traditional crypto basis strategies, entering the institutional lending market with substantial capital and establishing both companies as major players in the evolving DeFi landscape.
Structured through a special purpose vehicle, the facility positions Ethena at the intersection of traditional finance and crypto-native assets, with FalconX originating and servicing the loans while managing collateral held at qualified custodians. This development opens new avenues for institutional trading strategies, corporate treasury management, and payment solutions, strengthening the DeFi ecosystem with scalable financial products that bridge traditional finance and crypto-native assets, potentially attracting more institutional capital into the cryptocurrency space.
Structured through a special purpose vehicle, the facility positions Ethena at the intersection of traditional finance and crypto-native assets, with FalconX originating and servicing the loans while managing collateral held at qualified custodians. This development opens new avenues for institutional trading strategies, corporate treasury management, and payment solutions, strengthening the DeFi ecosystem with scalable financial products that bridge traditional finance and crypto-native assets, potentially attracting more institutional capital into the cryptocurrency space.
02:34 PMRead Brief →
CoinDesk
Cantor Opens Kalshi Prediction Markets to Thousands of Institutional Clients
Investment banking giant Cantor is revolutionizing access to prediction markets by opening the Kalshi platform to its approximately 3,000 institutional clients, enabling large block trades in event contracts. This strategic partnership marks a significant shift in the cryptocurrency and decentralized finance landscape, bringing event-based wagering into the mainstream financial world.
With this move, Cantor is positioning itself at the forefront of financial innovation, offering institutions a new asset class for diversification and risk hedging. The initiative reflects the growing adoption of blockchain technology and predictive markets by traditional finance, potentially boosting liquidity and legitimacy for platforms like Kalshi within the global crypto ecosystem.
With this move, Cantor is positioning itself at the forefront of financial innovation, offering institutions a new asset class for diversification and risk hedging. The initiative reflects the growing adoption of blockchain technology and predictive markets by traditional finance, potentially boosting liquidity and legitimacy for platforms like Kalshi within the global crypto ecosystem.
11:41 AMRead Brief →
Portal do Bitcoin★ Featured
Citi Makes Historic Move: Banking Giant to Launch Bitcoin Custody for Institutional Clients
Citi, one of the world's largest banking giants, is set to revolutionize the cryptocurrency sector by announcing the launch of Bitcoin custody services for institutional clients. This historic initiative will allow major investors to hold their digital and traditional assets under the same security structure, marking a turning point in the institutional adoption of Bitcoin.
This move by Citi represents a clear signal that Wall Street is increasingly committed to the crypto ecosystem, validating the asset class before regulators and traditional investors. The measure is expected to accelerate institutional capital entry into the cryptocurrency market, potentially boosting Bitcoin's liquidity and stability. With financial giants embracing blockchain technology, the future of digital finance appears increasingly closer to mainstream reality, opening new possibilities for global financial innovation.
This move by Citi represents a clear signal that Wall Street is increasingly committed to the crypto ecosystem, validating the asset class before regulators and traditional investors. The measure is expected to accelerate institutional capital entry into the cryptocurrency market, potentially boosting Bitcoin's liquidity and stability. With financial giants embracing blockchain technology, the future of digital finance appears increasingly closer to mainstream reality, opening new possibilities for global financial innovation.
11:03 AMRead Brief →
Decrypt★ Featured
Citi to Launch Bitcoin Custody as Wall Street Pushes Deeper Into Crypto
The banking giant Citi is set to revolutionize the financial landscape by launching Bitcoin custody services for institutional clients. This move allows large investors to hold Bitcoin and traditional assets under the same custody framework, marking a new era of institutional crypto adoption. The entry of such a traditional and influential bank as Citi into the crypto custody space represents a significant milestone for the cryptocurrency industry. This move not only validates Bitcoin as a legitimate asset class but also opens doors for greater liquidity and stability in the market, as Wall Street continues its strategic expansion into the digital sector.
12:56 PMRead Brief →
