finance.yahoo.com

Citigroup Completes Weekend Tokenized-Dollar Transfer Demonstration

Citigroup logoCitigroup
Sig2.45Sen+3.10Env0.00Soc+0.35Gov0.00

Citigroup completed a weekend tokenized-dollar transfer in minutes, faster than a previously described two-day wait. Tokenized deposits remain bank deposits in digital form, letting corporate customers use blockchain-based payments while improving transaction visibility and reconciliation. Swift says multiple banks are preparing live pilots, and faster payments do not remove banks’ underlying obligations and risks.

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