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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 digital assets. “Later this year, Citi will be launching our infrastructure that integrates Bitcoin into traditional finance,” Surendran said. “We’re starting with core custody and safekeeping capabilities, institutional-grade key management, and wallet infrastructure.” The rollout will allow clients to manage Bitcoin positions alongside traditional assets. Citi manages roughly $30 trillion in client assets across securities and money market products.  The bank plans to extend the same reporting channels, tax workflows, and compliance frameworks currently used for traditional assets to Bitcoin holdings. NEW: Wall street giant Citi bank announces “later this year, Citi will be launching our infrastructure that integrates Bitcoin into tradition finance.” 🚀 “Making Bitcoin Bankable” pic.twitter.com/BaBVba2g4I — Bitcoin Magazine (@BitcoinMagazine) February 26, 2026 Clients will not need to manage wallets, private keys, or one-time addresses, Surendran said, as Citi will handle those processes through its infrastructure.  In December 2025, Citi analysts forecasted that bitcoin could reach $143,000 in 2026, with a bullish scenario above $189,000 and a bearish case near $78,500, citing increased adoption through ETFs and supportive U.S. regulation.  At the time, bitcoin traded around $88,000, down 30% from its October peak. Bitcoin is now trading below $67,000. Bitcoin jumped a lot yesterday but has since been giving back some of its gains. Morgan…

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Filed under: News - @ February 26, 2026 7:28 pm