According to Citi Investor Services, the bank rolled out Custody+, a 24/7 modular infrastructure designed for institutional clients. The launch coincides with the full U.S. deployment of its patented Single Event Processing (SEP) technology.
Process optimization
Citi noted that its SEP deployment chopped processing times for U.S. voluntary corporate actions by up to 92%, with 96% of all events now cleared in under two hours.
Across its broader network, Citi now processes over 80% of its total event volume in real time.
"The upgraded system delivers market-leading settlement speed through end-to-end integration with Central Securities Depositories across our 62 proprietary markets," Citi stated.
The platform also integrates On-Demand FX for automated hedging alongside Citi Token Services, which enables 24/7 movement of tokenized deposits. Additionally, Citi integrated AI models to streamline tax documentation, cutting processing times by up to 70%.
Bitcoin custody
The defining feature of the upgrade is the upcoming launch of crypto custody. Citi expects to go live with digital assets custody later this year, kicking off with support for Bitcoin.
"Custody+ is a clear example of this investment as we build infrastructure to eliminate latency and drag for institutional investor clients," noted Chris Cox, Head of Investor Services at Citi. "By integrating our global network with data and technology, we are redefining the operational backbone for clients who require precision, transparency, and continuous market access."
Crypto custody will sit inside the existing Custody+ architecture, allowing institutional clients to manage traditional securities and digital assets through a single, unified interface.
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