ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Citi Unveils Strategic Expansion of Citi Token Services: Euro Integration Advances 24/7, Multi-Currency Liquidity and Payment Solutions Globally

Highlights

  • Citi Token Services (CTS) is integrating Euro transactions and expanding its footprint to Dublin, Ireland
  • Clients can now transfer from Dublin both USD and Euros to their accounts and third-party accounts at Citi branches that are already live on CTS globally
  • This launch is a significant step in Citi’s digital asset strategy, broadening the platform’s reach across multiple currencies and markets, and highlighting the firm’s commitment to innovating for clients

Citi today announced the expansion of Citi Token Services (CTS) with the integration of Euro transactions and an extended footprint to Dublin, Ireland. This development broadens the platform’s reach across multiple currencies and markets aiming to enhance 24/7, real-time, cross-border liquidity and payment capabilities for corporate and institutional clients globally. The solution is currently live in key financial hubs including the US, UK, Singapore, and Hong Kong, with plans for further market expansion.1

This expansion marks a significant step in Citi’s digital asset strategy, building on the integration of Citi Token Services with Citi’s 24/7 USD Clearing platform, announced in September. This industry-first integration will enable clients to move money when and where they need to without being constrained by time zones or currencies in a more cost-effective manner.

Launched last year, Citi Token Services for Cash continues to process billions of dollars in transactions. Leveraging a private, permissioned blockchain, the solution is designed to help eliminate traditional cut-off times and geographical restrictions, offering instant liquidity and payment capabilities.

“This expansion highlights our ongoing commitment to continuous innovation in order to meet our clients’ 24/7, global needs,” said Stephen Randall, Global Head of Liquidity Management Services. “By integrating tokenized deposits with Citi’s existing cash management infrastructure, we’re enabling clients to manage liquidity more efficiently across time zones and currencies, with the connectivity they expect.”

As part of this expansion, Citi Token Services is extending its footprint into Dublin, Ireland – an important liquidity center for Citi’s clients. From Dublin, clients will now be able to transfer both USD and Euros around the clock to their accounts and those of third-party accounts at Citi branches that are already live on CTS globally, addressing the limitations of traditional banking hours and supporting corporate liquidity optimization.

“Here in Europe, we’re seeing strong client demand for solutions that combine the advantages of tokenization with the scale, security and connectivity of Citi’s global network,” said Peter Jameson, Head of Services, Europe. “This milestone reflects that demand and reinforces Citi’s commitment to facilitating clients’ cross border money movement with greater speed and efficiency.”

This launch aligns with Citi’s goal to deliver a multi-bank, multi-currency, cross-border network that provides reliable, frictionless and always-on payment and liquidity solutions worldwide.

*1. Subject to regulatory approvals.

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  233.22
+4.06 (1.77%)
AAPL  278.85
+1.30 (0.47%)
AMD  217.53
+3.29 (1.54%)
BAC  53.65
+0.66 (1.25%)
GOOG  320.12
-0.16 (-0.05%)
META  647.95
+14.34 (2.26%)
MSFT  492.01
+6.51 (1.34%)
NVDA  177.00
-3.26 (-1.81%)
ORCL  201.95
-3.01 (-1.47%)
TSLA  430.17
+3.59 (0.84%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.