Citi and Morgan Stanley expand bitcoin and crypto custody, trading and tokenization efforts

As Citi integrates Bitcoin into bank-grade custody and reporting frameworks, Morgan Stanley moves to bring crypto trading, lending exploration and tokenized products to mainstream wealth clients. What to know : Citigroup plans to launch institutional bitcoin custody later this year, integrating the cryptocurrency into the same custody, reporting and tax frameworks it uses for traditional assets. The bank aims to let clients manage bitcoin alongside securities and cash under a single safekeeping account, enabling cross-margining between digital and traditional assets. Citi’s move comes as major financial institutions, including Morgan Stanley and JPMorgan, expand digital asset offerings and adapt infrastructure for 24/7 blockchain-based markets.