Bitcoin News
By Maheen Hernandez
1 / 15
Token Services, Stablecoins, and the Big Banking Coalition. Alongside the launch of Custody+, Citi is developing Citi Token Services — a real-time…
2 / 15
Clarity Act Vote, Jane Fraser Calls for a "Good Bill". The American regulatory context has changed its tone.
3 / 15
Citi is set to offer bitcoin custody services. Not in six months, not "under consideration" — the bank announced the launch of its Custody+ service later this year, significantly…
4 / 15
The concept is simple yet robust: Custody+ allows traditional assets and bitcoin to be housed within a single framework.
5 / 15
Chris Cox, Head of Investor Services at Citi, highlighted what this concretely changes: the service aims for a smooth transaction flow for every asset management operation.
6 / 15
Alongside the launch of Custody+, Citi is developing Citi Token Services — a real-time cross-border payment tool that operates via tokenized deposits.
7 / 15
Then there's the stablecoin issue. Since last year, Citi has been working with Deutsche Bank, Goldman Sachs, and Bank of America to explore issuing a common stablecoin product.
8 / 15
Thus, Citi becomes the latest major American bank to seriously dive into digital assets. And the timing is no coincidence.
9 / 15
See also: Strategy Holds $4.8 Billion in Cash and Keeps All Options Open on Bitcoin
10 / 15
The American regulatory context has changed its tone. The pro-crypto approach of regulators and more favorable legislation have clearly given banks the political green light to…
11 / 15
Read also: BitBox02 Firmware Patch Dixence Targets Two Critical Wallet Vulnerabilities
12 / 15
Jane Fraser, CEO of Citigroup, stated that the bank was a "leader in digital assets." She also acknowledged that the legislation still needs improvements and that she wants to…
13 / 15
If the Clarity Act passes as is or close to it, it removes a significant uncertainty for institutions that were still hesitating.
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Citi isn't waiting for the vote to move forward, but the vote could accelerate what other banks are still pretending not to want to do.
15 / 15
Institutional adoption of digital assets has been slow to take off. Discussions dragged on, pilots accumulated, announcements remained vague.
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