Citigroup Plans to Bridge Bitcoin and Traditional Finance by 2026

Citigroup Inc., the global banking powerhouse, is reportedly forging a path to integrate Bitcoin with traditional financial services. The initiative is designed to establish a $30 trillion custody infrastructure for institutional assets by 2026. Recognizing the burgeoning demand from institutional investors, the banking titan aims to provide a suite of services, including Bitcoin custody, portfolio integration, and 24/7 blockchain settlement. This strategic move will bridge the gap between the Bitcoin ecosystem and conventional banking systems, catering to the needs of ETF providers and institutional clients looking for exposure to the burgeoning asset class. Citigroup's foray into crypto custody is part of a broader trend among financial institutions that are increasingly adopting blockchain technology, tokenized assets, and exploring cryptocurrency integration.