Citi Japan's Tokenized Deposit Launch Extends the Institutional Pivot Into Asia's Deepest ...

Citi Japan is launching blockchain-based tokenized deposit remittance services for corporate clients, marking the first such offering by a foreign bank in Japan and leveraging a regulatory framework that distinguishes tokenized deposits from stablecoins. This initiative is part of a broader institutional pivot where major banks build proprietary blockchain payment rails, enabling faster cross-border settlements despite incomplete interoperability and ongoing regulatory approvals.

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