Citigroup plans to launch a Bitcoin custody service for institutional clients later this year, integrating Bitcoin into its existing custody, reporting, and tax framework. This allows clients to manage digital assets, securities, and cash within a single master custody account and supports cross-margin arrangements between digital assets and traditional assets. Clients can execute transactions via SWIFT, API, or interface commands, with the bank handling clearing and settlement processes. (CoinDesk)
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Citigroup plans to launch a Bitcoin custody service for institutional clients later this year, integrating Bitcoin into its existing custody, reporting, and tax framework. This allows clients to manage digital assets, securities, and cash within a single master custody account and supports cross-margin arrangements between digital assets and traditional assets. Clients can execute transactions via SWIFT, API, or interface commands, with the bank handling clearing and settlement processes. (CoinDesk)