Citi Expands Citi Token Services with Euro Integration and Global 24/7 Liquidity Capabilities
Citi today announced a major expansion of its Citi Token Services (CTS) platform, introducing the ability to support Euro transactions and establishing an extended operational footprint in Dublin, Ireland. This milestone marks a significant advancement in the bank’s work to modernize global payments and liquidity management using tokenization technology. By adding Euro support and strategically locating services within one of Europe’s key financial hubs, Citi aims to further enhance real-time, cross-border liquidity movement and provide uninterrupted payment capabilities for corporate and institutional clients worldwide.
The integration of the Euro into the Citi Token Services platform expands the system beyond its initial U.S. dollar functionality. Now, clients operating across multiple regions will be able to access liquidity and manage balances across different currencies on a 24/7 basis, without the limitations of traditional banking hours, cut-off times, or geographic settlement windows. The platform is already live in major financial centers including the United States, United Kingdom, Singapore, and Hong Kong, with continued global rollouts planned.
Building on a Strong Foundation in Digital Asset Innovation
The latest development follows Citi’s announcement in September regarding the integration of Citi Token Services with the bank’s 24/7 USD Clearing platform. That integration represented an industry first and reflected Citi’s ongoing strategy to reshape treasury and cash management using blockchain-based infrastructure. Together, these enhancements allow clients to move funds across borders in a manner designed to be faster, more flexible, and more cost-efficient than traditional payment rails.
Launched in 2023, Citi Token Services for Cash has already processed billions of dollars in transactions. The platform leverages a private, permissioned blockchain network, which offers improved control, security, and data privacy relative to public blockchain environments. The permissioned model also allows the solution to be seamlessly integrated with Citi’s existing global cash management infrastructure, enabling organizations to access blockchain-powered capabilities without needing to change their operational systems, treasury processes, or digital banking interfaces.
By removing dependency on end-of-day batch settlements and clearing windows, the platform offers corporations the ability to optimize liquidity in real time, respond to market movements immediately, and support business operations across multiple time zones. This is particularly valuable for global companies that manage cash flows and funding requirements in dozens of jurisdictions.
Supporting Corporate Liquidity in a Real-Time Global Economy
“This expansion highlights our ongoing commitment to continuous innovation in order to meet our clients’ 24/7, global needs,” said Stephen Randall, Global Head of Liquidity Management Services at Citi. “By integrating tokenized deposits with Citi’s existing cash management infrastructure, we’re enabling clients to manage liquidity more efficiently across time zones and currencies, with the connectivity they expect.”
Randall emphasized that corporate clients are increasingly seeking solutions that allow them to centralize liquidity, execute treasury operations continuously, and lower the costs associated with conventional settlement and FX workflows. With the rapid digitization of supply chains, e-commerce platforms, and international business models, the ability to move funds instantly between subsidiaries, regions, and counterparties has become a key competitive advantage.
Dublin Plays a Strategic Role in Expansion
A core element of the announcement is the expansion of Citi Token Services operations to Dublin, Ireland, a major European liquidity and treasury center. Dublin serves as a gateway for multinational corporations operating across the EU and global markets. The addition of the Dublin hub enables Citi clients to transfer both U.S. dollars and Euros at any time — not only between their own accounts, but also to third-party accounts at other Citi branches around the world that are already live on the platform.
This capability removes one of the most persistent structural frictions in international banking: the mismatch between regional banking hours and transaction settlement timeframes. The result is an improved ability for organizations to respond to urgent funding needs, settle cross-border obligations, and manage working capital throughout the business day, regardless of local market calendars.
“Here in Europe, we’re seeing strong client demand for solutions that combine the advantages of tokenization with the scale, security, and connectivity of Citi’s global network,” said Peter Jameson, Head of Services, Europe at Citi. “This milestone reflects that demand and reinforces Citi’s commitment to facilitating clients’ cross-border money movement with greater speed and efficiency.”
Tokenization Meets Institutional Scale and Governance
Unlike many digital asset solutions in the market today, Citi Token Services does not require clients to hold or transact with cryptocurrencies. Instead, the platform tokenizes bank deposits, meaning the value represented on the blockchain is fully backed by cash assets held within Citi accounts. This approach aligns with regulatory expectations, institutional risk controls, and corporate treasury governance frameworks.
The use of tokenized deposits on a permissioned blockchain offers several benefits:
- Instant settlement across borders and business units
- Reduced reliance on correspondent banking chains
- Improved liquidity pooling and forecasting
- Lower operational and FX execution cost
- No change in client onboarding or compliance workflows
This model maintains the safety, compliance rigor, and regulatory oversight of traditional banking — while offering the speed and efficiency associated with decentralized technologies.
A Step Toward a Multi-Bank, Multi-Currency Settlement Future
Citi stated that this expansion aligns with its long-term objective to help shape a multi-bank, multi-currency, always-on settlement network at global scale. The firm continues to collaborate with financial institutions, central banks, and corporate clients to advance standards and infrastructure supporting tokenized financial systems.
As global commerce increasingly demands uninterrupted financial operations, and as central banks explore digital currency frameworks, Citi’s strategy positions the bank at the forefront of a shift toward real-time international finance backed by regulated institutional banking infrastructure.
With Euro support now in place and operational infrastructure expanding into Dublin, Citi plans to continue rolling out functionality, currencies, and market access points. The bank anticipates broader participation and continued integration with corporate treasury systems across industries ranging from manufacturing and energy to technology, logistics, and global trade services.
The expansion of Citi Token Services marks a critical step in the evolution of global liquidity management, demonstrating how tokenization can enhance—not replace—the scale, reliability, and regulatory certainty of the established banking system. As corporations increasingly operate in real-time digital environments, the demand for round-the-clock multi-currency financial flows will continue to accelerate, and Citi’s latest move positions the bank to meet that demand.
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