Citigroup Debuts Token Service in Latest Foray Into Digital Assets

Citigroup Inc. debuted a token service that’s part of a broader push to offer digital assets to institutional clients.

  • The product — known as Citi Token Services — will transform customers’ deposits into digital tokens that can be sent instantly anywhere in the world.
  • The move is the latest by an established banking giant to offer so-called “tokenized deposits,” or transferable digital coins that represent a claim against banks.

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