🌏 Citi Expands Tokenized Deposit Services to Japan and the UAE
Global banking giant Citi has launched its institutional tokenized deposit solution, Citi Token Services, in Japan and the United Arab Emirates, expanding its blockchain-based payment infrastructure across major financial hubs.
In Japan, corporate clients can now transfer USD funds instantly to supported Citi accounts in markets including the U.S., UK and Singapore. The service enables 24/7 cross-border transfers, removing traditional banking-hour limitations and improving liquidity management for multinational businesses.
Unlike stablecoins, tokenized deposits represent commercial bank deposits, allowing institutions to leverage blockchain technology within existing banking relationships.
The bigger picture: tokenized deposits are bringing traditional banking infrastructure onchain, accelerating the convergence of institutional finance, blockchain-based payments and the broader RWA ecosystem.
#citibank
Global banking giant Citi has launched its institutional tokenized deposit solution, Citi Token Services, in Japan and the United Arab Emirates, expanding its blockchain-based payment infrastructure across major financial hubs.
In Japan, corporate clients can now transfer USD funds instantly to supported Citi accounts in markets including the U.S., UK and Singapore. The service enables 24/7 cross-border transfers, removing traditional banking-hour limitations and improving liquidity management for multinational businesses.
Unlike stablecoins, tokenized deposits represent commercial bank deposits, allowing institutions to leverage blockchain technology within existing banking relationships.
The bigger picture: tokenized deposits are bringing traditional banking infrastructure onchain, accelerating the convergence of institutional finance, blockchain-based payments and the broader RWA ecosystem.
#citibank