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TOKYO (dpa-AFX) - Citigroup Inc. (C), the banking and financial services major, Monday announced that it is expanding its token Services into Japan and the United Arab Emirates or UAE.The token services use tokenized deposits and blockchain technology to enable clients to move funds in near-instant…
Japan will support USD transactions, while the UAE will support USD and euro transactions.
Citi said Token Services is now live in Japan and the UAE, extending its 24/7 liquidity and payments network to seven markets. Japan will support USD transactions, while the UAE will support USD and euro transactions.
Citi expanded Citi Token Services into Japan (USD) and the UAE (USD and EUR), extending its 24/7 tokenized deposit platform for near-instant liquidity and payments across its network.Material DetailsContext by AI AnalystThis is a mid-cycle build-out of Citi’s digital assets strategy, extending a li…