Citi Token Services Integrates Blockchain with 24/7 USD Clearing for Instant Cross-Border Payments

Citi has unveiled a groundbreaking integration of its blockchain-based Citi Token Services with 24/7 USD Clearing, creating a near-instant cross-border payment system for institutional clients in the US and UK. This marks the first time a major bank has combined traditional clearing systems with private blockchain technology to enable real-time liquidity management across both Citi and non-Citi accounts globally.

The solution currently serves over 250 banks across 40+ markets, with plans for international expansion. By tokenizing internal liquidity transfers on a permissioned blockchain, Citi bridges the gap between legacy financial infrastructure and distributed ledger technology—allowing multinational corporations to MOVE funds to suppliers 24/7 without traditional banking hours constraints.