Citigroup Expands Tokenized Deposit Service to Japan, UAE
en.sedaily.com Sep 29, 2026

Citigroup Expands Tokenized Deposit Service to Japan, UAE

AI-summarised brief · reviewed before publication

Citigroup announced on September 28 that its Citi Token Services (CTS) blockchain‑based tokenized deposit platform will now operate in Japan and the United Arab Emirates, bringing the service to seven jurisdictions alongside the United States, Ireland, Hong Kong, Singapore and the United Kingdom. CTS lets corporate clients convert bank‑backed deposits into digital tokens on a permissioned ledger and move them across Citi’s network in near‑real time, bypassing traditional banking hours and holidays. The expansion adds dollar‑denominated transfers for Japan and both dollar and euro transfers for the UAE, enabling 24‑hour liquidity management for multinational firms. Citi says the platform already processes billions of dollars in transactions and plans to add more markets and currencies, with South Korea cited as the next target.

💡 Why It Matters

  • · Real‑time, bank‑backed token transfers give global companies a faster, lower‑cost alternative to legacy correspondent banking, accelerating the adoption of blockchain for corporate cash management.