Citi and Morgan Stanley Enhance Bitcoin Custody and Trading Services
- Citigroup plans to launch institutional bitcoin custody services later this year, aiming to integrate digital assets into traditional banking systems.
- Nisha Surendran, head of Citi’s digital asset custody, stated the initiative aims to make bitcoin “bankable” by providing a unified service model across crypto and traditional assets.
- Morgan Stanley has filed for bitcoin, Ethereum, and Solana exchange-traded products while exploring wallet technology across its wealth platform.
- Citi’s infrastructure will allow clients to cross-margin various assets, including U.S. Treasuries and tokenized money market funds, under a single account structure.
- The New York Stock Exchange plans a blockchain-based trading venue for tokenized stocks and ETFs, reflecting growing demand for continuous trading opportunities.
Citi’s move towards institutional-grade bitcoin custody is driven by client demand for integrated services that simplify access to digital assets alongside traditional investments. Similarly, Morgan Stanley is actively expanding its offerings in the cryptocurrency space.
These developments highlight a significant shift in how financial institutions are adapting to the evolving landscape of digital assets, with Citi set to provide comprehensive custody solutions later this year.(Source)
