Citi continues to develop digital asset solutions, in line with its goals governance and risk appetite, using a unified set of shared technology capabilities and a common strategic approach. These innovative solutions enhance Citi’s products and services including digital money, trade, securities, custody, asset servicing and collateral mobility.
With the launch of the Citi Integrated Digital Assets Platform (CIDAP), Citi is leveraging blockchain technology enabled capabilities to develop secure, efficient, and innovative digital asset solutions through a single integrated platform in line with our governance and risk appetite.
Citi collaborates with Wellington Management and WisdomTree to explore tokenization of private markets.
Citi has worked with Wellington, WisdomTree, and DTCC Digital Assets to demonstrate how private assets could be tokenized and opened-up to new capabilities through the power of smart contracts and blockchain technology.
Citi Token Services for Trade provides a completely digital process to both buyers and sellers with instant payment capabilities, which is expected to reduce transaction processing times from days to minutes.
Citi Token Services has been applied to a global cash management pilot, enabling clients to transfer liquidity between Citi branches on a 24/7 basis.
Tony Mclaughlin talks to TMI on tokenization’s meaning, purpose and potential value.
The financial services sector is undergoing a profound transformation, driven by the relentless march of technology and the ever-evolving expectations of clients. In a world where cross-border payment flows are projected to reach $250 trillion by 2027,1 competition is fierce as financial institutions (FIs) seek to address the most pressing concerns regarding speed, transparency, and cost. Blockchain technology, in particular isemerging as a powerful solution to these challenges.
Citi, in collaboration with PwC, recognizes this fundamental shift. Together, in this white paper, both institutions explore how digital assets and blockchain technology can power financial solutions that meet customer needs and expectations – while helping to define the future of payments and the movement of capital.
To find out more, download the full report here.