Citi just launched ‘tokenized deposits’ for institutional clients
Citi Token Services will help enable instant transfers globally. The new service will be accessible via its existing systems. Citi shares are down over 15% versus their year-to-date high. Citigroup Inc is in focus today after launching “tokenized deposits” for institutional clients. Tokenized deposits will help enable instant transfers Citi Token Services will change deposits into digital token s to enable instant transfers even outside of business hours to anywhere in the world. According to Shahmir Khaliq – its Global Head of Services: The development of Citi Token Services is part of our journey to deliver real-time, always-on, next-gen transaction banking services to our institutional clients. The multinational investment bank worked for months with Maersk to test this latest foray into the blockchain-enabled payment solution. Its shares are currently down more than 15% versus their year-to-date high. Note that Citi Securities Servi...