Citigroup Introduces Citi Token Services, Enabling International Transfer of Digital Assets for Institutional Clients

Citigroup has launched Citi Token Services, its first venture into tokenized deposits and digital assets for institutional clients. The service allows the bank to convert customer deposits into digital tokens that can be sent internationally. Citigroup has also introduced a private blockchain system to support the token service. This move is part of the bank's broader efforts to expand its digital asset offerings to institutional clients. The launch of Citi Token Services marks a significant step for Citigroup in the digital asset space, as it aims to provide more efficient and convenient services to its institutional customers.

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