How does Citigroup's blockchain work?

Citigroup's offering uses a private blockchain owned and managed by the bank, simplifying access for clients who won't require their digital wallets. Instead, they can seamlessly access the service through the bank's existing systems.

What is Citigroup's digital asset service?

The service uses blockchain and smart contract technologies to deliver digital asset solutions for institutional clients, integrating tokenized deposits and smart contracts into Citigroup's global network.

Does Citigroup have a tokenization service?

Register Now U.S. banking giant Citigroup (C) has started a tokenization service for cash management and trade finance for institutional clients using blockchain technology and smart contracts, the bank said Monday. The smart contracts serve the same purpose as bank guarantees and letters of credit, the bank said.