Citi to Offer Digital Asset Payment Services to Institutional Clients


18 Sep 2023 3:30 PM

Citi Treasury has partnered with Maersk to offer blockchain-based payment solutions as financial institutions compete to upgrade services....

  • Citi Treasury and Trade Solutions has partnered with Maersk to offer blockchain-based digital services for institutional clients.
  • The partnership aims to provide tokenized cross-border deposits and payments using smart contracts.
  • The new system is expected to reduce transaction times and benefit customers trading and making payments across time zones.
  • Citi has been exploring the digital asset space for some time, with previous engagements with crypto custodian Metaco and funding to Xalts, a Hong Kong-based asset manager.

The article highlights Citi's efforts to embrace digital assets and blockchain technology, indicating a positive sentiment towards these developments.

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You May Ask

Who has Citi Treasury and Trade Solutions partnered with to offer blockchain-based digital services?What are the new offerings provided by Citi and Maersk?How does the partnership aim to reduce transaction times?What previous engagements has Citi had in the digital asset space?What is the ultimate goal of Citi's efforts in the digital asset space?

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