Citi Treasury and Trade Solutions (TTS) has launched its new digital asset service, Citi Token Services, aimed at enhancing cash management and trade finance for institutional clients. This innovative service leverages blockchain and smart contract technologies, integrating tokenized deposits and smart contracts into Citi’s expansive global network.
The move comes as institutional clients increasingly seek ‘always-on’, programmable financial services. Citi Token Services is set to offer cross-border payments, liquidity, and automated trade finance solutions around the clock. Shahmir Khaliq, Global Head of Services at Citi, emphasized the potential of digital asset technologies to “upgrade the regulated financial system” and highlighted the service’s alignment with Citi’s work on the Regulated Liability Network, aiming for interoperable digital asset solutions across multiple banks.
Trade Finance Digitization with Maersk
In a…
