Citi will roll out an international transfer service for Japanese corporate clients by the end of the year, according to CoinDesk. The offering will use tokenized deposits and enable instant cross-border payments on a 24/7 basis across five countries. CoinDesk said the move would make Citi the first foreign bank to provide this type of service in Japan. The report ties the launch specifically to Japanese businesses and frames the product as a cross-border payments service rather than a broader consumer banking rollout. No additional details on the five countries or the service structure were disclosed in the brief.
Citi plans to launch an international transfer service based on tokenized deposits for Japanese corporate clients by the end of the year, according to CoinDesk.
The service is set to enable instant cross-border payments 24/7 across five countries. CoinDesk reported that Citi would become the first foreign bank to offer the service in Japan.
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