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Citi links Token Services to its 24/7 USD Clearing, enabling round-the-clock payments to other banks in the US and UK
Citi connected its tokenized-deposit network to its 24/7 USD Clearing service. Clients in the US and UK can now send near-instant cross-border dollar payments at any hour to accounts at other banks, not only within Citi. Citi said the token service had processed billions of dollars since its 2024 launch.
- Starts with institutional clients in the US and UK; more regions planned.
- 24/7 USD Clearing serves over 250 banks in more than 40 markets.
- Token Services was then live in the US, UK, Singapore and Hong Kong.