Citi Wants To Bring Bitcoin Into Traditional Finance

Citi is preparing to introduce infrastructure that integrates Bitcoin into traditional financial systems, a bank executive said Thursday. 

The initiative, introduced by Nisha Surendran, head of digital asset custody development at Citi, aims to provide institutional-grade custody, key management, and wallet services for clients holding the cryptocurrency.

Speaking at Strategy World, an industry event hosted by Bitcoin treasury firm Strategy, Surendran said the effort is part of Citi’s broader plan to “make Bitcoin bankable.” She outlined a three-pronged approach focused on custody, integration with existing reporting and tax systems, and simplifying client access to…

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