Citi Integrates Blockchain Token Services into 24/7 USD Clearing System

Citigroup has taken a significant leap in modernizing cross-border payments by merging its Citi® Token Services with a round-the-clock USD Clearing solution. Institutional clients in the U.S. and U.K. now gain instant fund transfer capabilities across Citi and external accounts, erasing traditional banking cut-offs and optimizing liquidity management.

This marks the first global bank deployment of a tokenized infrastructure operating continuously with multi-bank accessibility. The system bypasses legacy hurdles like transaction delays and pre-funded account requirements through a permissioned blockchain network, effectively bridging traditional finance with decentralized technology.

"Global commerce doesn't take weekends off, and neither should payments," stated Debopama Sen, Citi's Head of Payments. The solution empowers 1,500 financial institutions to process USD payments at any time - including weekends and holidays - aligning financial infrastructure with the non-stop rhythm of international business.

Since launching in 2024, Citi Token Services has processed billions in tokenized transactions across key markets including the U.S., U.K., Singapore, and Hong Kong. This expansion reflects growing institutional adoption of blockchain solutions for Core banking operations.