Citigroup (C) CEO Jane Fraser offered a clear stance on the future of digital finance, telling investors that tokenized deposits — not stablecoins — will be the primary engine behind next-generation payments and financial market infrastructure. Speaking on an investor call following the bank’s third-quarter earnings release on Tuesday, Fraser explained that institutional clients are asking for seamless, real-time cross-border money movement that is low-cost and compliant. “What our clients want is intero ...

Bank of New York Mellon Corp. is exploring tokenized deposits to enable clients to make payments using blockchain, as major banks across the world step up use of the technology underpinning digital assets to transfer funds https://t.co/VTk1pDlsP3 ...

Digital money is set to transform India's payments landscape. | Credit: Pexels. Key Takeaways India’s central bank has sought to suppress crypto adoption and favors CBDCs over stablecoins. In its latest pilot, the central bank is exploring tokenized deposits. Finance Minister Nirmala Sitharaman has argued that India should adapt to new forms of money. India’s courts and financial regulators have traditionally sought to suppress crypto in the country, restricting exchange activity and warning retai ...