Citigroup Unveils Plans for Bitcoin Integration

Citigroup's plans to integrate Bitcoin into traditional financial systems are taking shape, with the bank set to develop a comprehensive framework for the cryptocurrency.

The infrastructure, which is expected to be completed by the end of 2024, will enable the use of Bitcoin in banking transactions and connect banking systems with Bitcoin operations.

BTC services, including custody, key management, reporting, collateral and portfolio integration, are slated to roll out in 2026 after two to three years of internal development and testing.

The move represents an expansion of cryptocurrency services among major financial institutions as digital assets continue to gain traction in institutional markets.