Citi® Token Services for Cash ushers in a new era of processing payments using blockchain, providing an easy and convenient way to transfer funds cross-border in near real time to Citi account holders in participating markets.
24x7 near instant cross-border payments and liquidity movements across Citi’s network.
Reduce the need to pre-position liquidity movements across Citi’s network.
Real-time visibility on payment status and balance reviews.
Reduce payment friction e.g., transaction limit and cut-offs.
Citi Token Services streamlines global cash management, enabling clients to transfer liquidity between participating Citi branches on a 24/7 basis subject to transaction limits.
Utilizes current existing bank accounts - no need to open additional accounts or sign new documentation.
No requirements to hold tokens or wallets and no accounting impact.
Use CitiDirect online banking portal or API to initiate transactions.
Instant API-initiated payment status notifications.
Citi Token Services was named "Innovation of the Year" by American Banker in the On-Chain Finance Category.