Odaily Planet Daily reports: Nisha Surendran, Head of Digital Asset Custody Development at Citibank, announced at a Strategy industry event that Citibank plans to integrate Bitcoin into its core banking services by late 2026, offering institutional-grade custody, key management, and wallet systems.
The platform will extend traditional tax reporting, compliance oversight, and risk management processes to Bitcoin holdings, supporting 24/7 operations, SWIFT global payment messaging, and API connectivity. Citibank, which currently manages approximately $30 trillion in assets, aims to remove operational barriers to cryptocurrency assets for institutional investors such as pension funds and insurance companies.
Surendran stated that the first phase will launch core custody functions, with subsequent expansions to services such as asset segregation and collateral management.