According to ChainCatcher, a year ago, Citibank launched two tokenized deposit solutions in pilot mode. Citi Cash Token Service enables businesses and institutions to transfer funds between Citi branches around the world around the clock. This service is now in commercial use, and Mars is one of the first customers.

The second solution is Citi Token Services for Trade, which is still in pilot mode and is conducting new pilot transactions with shipping agents CB Fenton and GAC Panama Shipping.