finance.yahoo.com

Citi Brings Tokenized Deposit Remittance Services to Japan

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Sig2.62Sen+3.25Env0.00Soc0.00Gov0.00

Citi is bringing its tokenized deposit remittance services to Japan, using Citi Token Services for Cash, which has supported institutional clients outside Japan since 2024. The offering is expected to be the first tokenized deposit product in Japan by a foreign financial institution, enabled by Payment Services Act amendments that created a distinct legal category for tokenized deposits.

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