Citibank Formally Enters Crypto Market With Launch of Custody+ Platform

Citibank unveiled its new Custody+ platform on Tuesday, August 18, 2026 (27 Mordad 1405), according to Arzdigital, confirming plans to launch digital asset custody services for institutional clients by the end of 2026. The service will initially support only bitcoin and will run on the bank's shared digital asset architecture, allowing clients to manage traditional securities and cryptocurrency within a single framework.

Chris Cox, Citibank's head of investor services, said in a press statement that Custody+ is part of the bank's roughly $2 billion in annual investment in its platform strategy. Arzdigital also reported that Citibank is developing tokenization of traditional assets and projects the tokenized securities market could reach $5.5 trillion by 2030.