Citigroup Launches Deposit Citi Token Services for Institutional Clients!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Sep 18, 2023 20:32

Citigroup has launched its new product, Deposit Citi Token Services, which allows institutional customers to convert their deposits into digital tokens using a private blockchain controlled by the bank. The tokens can be sent instantly, removing the need for customers to set up their own digital wallets. Deposits can be accessed through the bank’s existing systems, making it an easy and efficient solution for customers. This move highlights the growing trend of traditional financial institutions adopting blockchain technology to modernize their services!