Citi plans to introduce a digital asset custody service by 2026 that allows institutional clients to hold Bitcoin without managing private keys, integrating crypto into its existing Custody+ platform which manages over $24 trillion in traditional assets. This new service, developed under the Integrated Digital Assets Platform (CIDAP), aims to simplify crypto custody by eliminating the need for clients to handle blockchain mechanics, making Bitcoin more accessible within a regulated framework. The platform also supports tokenization and blockchain connectivity, blending traditional and digital assets in one infrastructure. Citi's approach signals a mainstream adoption of digital assets by embedding crypto custody into its core business rather than treating it as a separate venture, addressing a major barrier for institutional investors.
JPMorgan launched a program in March 2026 allowing institutional clients to pledge Bitcoin and Ethereum as collateral for U.S. dollar loans via its Kinexys platform. The bank applies high collateral haircuts of 30% to 50% on crypto, reflecting its ri...
In March 2026, JPMorgan Chase launched a program allowing institutional clients to pledge Bitcoin and Ethereum as collateral for U.S. dollar loans via its Kinexys platform, with custodians like Fidelity and Coinbase holding the assets. This marks a m...
