Citi has launched Citi Token Services in Japan and the UAE, expanding its tokenized deposit platform to seven global markets including the US, UK, Ireland, Hong Kong, and Singapore. The Japanese market supports USD transactions, while the UAE enables both USD and EUR transfers.
The service utilizes a private permissioned blockchain to provide corporate and institutional clients with near-real-time, 24/7 cross-border fund transfers. This infrastructure facilitates payments, liquidity management, and collateral operations, eliminating traditional banking constraints related to cut-off times, time zones, and holidays.
Citi Token Services Expands to Japan and UAE, Reaching 7 Markets
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