"We may have certain solutions that are completely designed and built in-house that are targeted towards certain assets and certain segment of our clients, whereas may we may use a third party, lightweight, nimble solution for other kind of assets,"
"in the next few quarters."
"Earlier this month, Citigroup analysts issued a bullish 12-month outlook for bitcoin, setting a target of $181,000 and revising their year-end forecast to $132,000."
"Custody - the safekeeping of client assets - is considered one of the most crucial and challenging aspects of institutional crypto adoption."
Citi has been developing a crypto custody offering for over two years and plans to bring the service to market in the next few quarters. The custody service would enable Citi to hold native bitcoin and other crypto on behalf of clients, using a mix of fully in-house solutions and third-party, lightweight platforms depending on asset type and client segment. Citigroup analysts issued a bullish 12-month outlook for bitcoin with substantial price targets, citing strong inflows and rising institutional demand. Custody remains a key challenge for institutional crypto adoption, and large banks are moving to provide regulated alternatives.
Read at Bitcoin Magazine
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