Citi Led Innovation with Blockchain Technology

Leveraging the Power of Blockchain

In a groundbreaking move, Citi, the global banking giant, has launched the Citi Integrated Digital Assets Platform (CIDAP). This innovative platform leverages blockchain technology to revolutionize the financial industry.

Smart Contracts for Automated Payments

Through its Citi Token Services for Trade Pilot, Citi is introducing smart contracts that automate conditional payments for services. This innovative approach eliminates the need for manual processes and reduces the risk of errors and delays.

Tokenization and the Future of Money

Citi has long recognized the potential of tokenization. In its 2021 Citi GPS report, the bank predicted the transformation of money using this technology. Now, with the launch of its Digital Assets Group within Wealth Management, Citi is enabling clients to invest in cryptocurrencies and stablecoins.

Expansion into Cash Management and Custody

Citi's tokenization service extends beyond cryptocurrencies. The bank recently partnered with Metaco to fully integrate its Harmonize platform into its cash management and custody operations. This integration will allow Citi to offer its clients seamless access to digital assets.

A Leader in Digital Assets

With its comprehensive suite of digital asset services, Citi has established itself as a leader in this rapidly evolving field. The bank's commitment to innovation and its vast customer base position it to play a significant role in shaping the future of digital finance.