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Citigroup Debuts Token Service in Latest Foray Into Digital Assets
Citigroup Inc. debuted a token service that’s part of a broader push to offer digital assets to institutional clients. The product — known as Citi Token Services — will transform customers’ deposits into digital tokens that can be sent instantly anywhere in the world, according to a statement Monday. The service is housed in the firm’s treasury and trade solutions division, which has so far focused on using it to improve cash-management and trade-finance capabilities. “The development of Citi Token Services is part of our journey to deliver real-time, always-on, next generation transaction banking ... (full story)