Citi Expands Tokenized Deposit Platform to Japan and UAE

Citi has expanded its tokenized deposit platform, Citi Token Services, to Japan and the United Arab Emirates, bringing the total number of supported jurisdictions to seven. The platform utilizes a private, permissioned blockchain to enable near-instantaneous cross-border transfers for corporate and institutional clients, operating 24/7 regardless of holidays or banking hours. In Japan, the service supports USD transactions, while the UAE hub supports both USD and EUR. This expansion aims to improve liquidity, payment, and collateral management for institutional treasuries by eliminating delays associated with traditional banking time zones.