Key facts
- Citi will launch institutional digital asset custody services this year.
- Citi's new offering is named Custody+.
- Bitcoin will be the initial cryptocurrency offered by Citi's custody service.
- Custody+ will offer a unified framework for traditional securities and cryptocurrencies.
- Jane Street has disclosed a significant investment in Bitcoin.
- Jane Street holds nearly $1 billion worth of Bitcoin.
- Jane Street's Bitcoin holdings are through spot exchange-traded funds (ETFs).
Wall Street giant Citi is preparing to launch institutional digital asset custody services later this year, with Bitcoin as its initial focus. The new offering, named Custody+, is designed to provide a unified framework for managing both traditional securities and cryptocurrencies. This move by Citi aims to cater to significant institutional demand for digital asset services.
In parallel, Jane Street, a prominent quantitative trading firm, has disclosed a substantial investment in Bitcoin. The firm revealed it holds nearly $1 billion worth of the cryptocurrency. This significant position is held through spot exchange-traded funds (ETFs), indicating a direct investment in Bitcoin via regulated financial products.