Key facts
- Citigroup plans to launch bitcoin custody services this year.
- Citigroup's services will be offered through its Custody+ platform.
- Institutional clients will be able to hold bitcoin alongside traditional assets.
- The goal is to simplify crypto investment for institutions.
- 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).
Citigroup is preparing to introduce bitcoin custody services for its institutional clients by the end of this year. The new offering will be available through Citigroup's Custody+ platform, which is designed to allow these clients to hold bitcoin (BTC) alongside their existing traditional assets. This strategic initiative by Citigroup aims to simplify the process of cryptocurrency investment for institutional investors by integrating digital assets into the familiar structure of traditional banking infrastructure.
In parallel, Jane Street, a well-known quantitative trading firm, has publicly disclosed a significant holding in bitcoin. The firm reports possessing nearly $1 billion worth of the cryptocurrency. This substantial bitcoin position is held through spot exchange-traded funds (ETFs), indicating a direct investment in the digital asset via regulated financial products.