Citi Unveils Strategic Expansion of Citi Token Services: Euro Integration Advances 24/7, Multi-Currency Liquidity and Payment Solutions Globally
Highlights
-
Citi Token Services (CTS) is integrating Euro transactions and expanding its footprint to
Dublin, Ireland -
Clients can now transfer from
Dublin both USD and Euros to their accounts and third-party accounts at Citi branches that are already live on CTS globally - This launch is a significant step in Citi’s digital asset strategy, broadening the platform’s reach across multiple currencies and markets, and highlighting the firm’s commitment to innovating for clients
This expansion marks a significant step in Citi’s digital asset strategy, building on the integration of Citi Token Services with Citi’s 24/7 USD Clearing platform, announced in September. This industry-first integration will enable clients to move money when and where they need to without being constrained by time zones or currencies in a more cost-effective manner.
Launched last year, Citi Token Services for Cash continues to process billions of dollars in transactions. Leveraging a private, permissioned blockchain, the solution is designed to help eliminate traditional cut-off times and geographical restrictions, offering instant liquidity and payment capabilities.
“This expansion highlights our ongoing commitment to continuous innovation in order to meet our clients’ 24/7, global needs,” said Stephen Randall, Global Head of Liquidity Management Services. “By integrating tokenized deposits with Citi’s existing cash management infrastructure, we’re enabling clients to manage liquidity more efficiently across time zones and currencies, with the connectivity they expect.”
As part of this expansion, Citi Token Services is extending its footprint into
“Here in
This launch aligns with Citi’s goal to deliver a multi-bank, multi-currency, cross-border network that provides reliable, frictionless and always-on payment and liquidity solutions worldwide.
*1. Subject to regulatory approvals.
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of
Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi
View source version on businesswire.com: https://www.businesswire.com/news/home/20251106449947/en/
Karah Cesar karah.cesar@citi.com | (212) 816-9490
Source: Citi