VanEck’s Head of Research: Heard that Citi’s Bitcoin custody service was originally sch
Original headlineVanEck 研究主管：听闻花旗比特币托管服务原定上周上线
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VanEck's head of digital assets research, Matthew Sigel, said on November 3 that he heard Citi's institutional bitcoin custody service was originally scheduled to launch last week, speculating that the recent Binance hack may be one reason Citi has not yet announced a specific launch date. Sigel noted that Citi previously announced its Custody+ platform would begin custodying bitcoin for institutional clients this year. He also said Citi Wealth published a crypto ETF primer report introducing suitable clients to allocating spot BTC and ETH ETFs through regulated brokerage accounts. The news signals traditional bank infrastructure for crypto custody is progressing, though timing remains uncertain. Watch for an official Citi announcement on the Custody+ launch and any link between the Binance security incident and institutional rollout timelines.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Citi (C), VanEck, Bitcoin (BTC), Matthew Sigel, Binance
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