Citi Debuts Token Services for Cash Cross-Border Payments Tool

Citi says its Token Services for Cash program has gone live after a pilot phase.The new commercial solution, announced Thursday (Oct. 10), processes multimillion-dollar transactions and offers clients “24/7, always-on” cross-border liquidity and payments between participating Citi branches. The tool was created with a private and permissioned blockchain that is solely owned and managed by Citi, with clients not required to hold or manage any tokens to access the services.“The continued progress of Citi Toke ...