Overview
Citi has deployed Citi Token Services, a live blockchain-based platform enabling tokenised deposits and programmable financial flows for institutional clients. The system operates on a permissioned blockchain to facilitate 24/7 cross-border payments, real-time liquidity management, and automated trade finance — replacing legacy correspondent banking rails and letters of credit. In a landmark pilot with Maersk and a major canal authority, Citi Token Services executed programmable trade finance payments automatically upon vessel arrival, demonstrating the real-world utility of tokenised money in global commerce.
Key Products & Features
- Citi Token Services — live tokenised deposit platform
- Citi Integrated Digital Assets Platform (CIDAP)
- Programmable trade finance automation
- 24/7 institutional cross-border payment infrastructure
Why This Is NeoFi
Citi Token Services is a live, production-scale NeoFi product: it tokenises traditional bank deposits on blockchain infrastructure, executes payments programmably in real time, and serves institutional trade finance clients — satisfying all three NeoFi criteria of on-chain execution, real-world financial utility, and institutional design.
The three pillars of NeoFi:
- On-Chain Execution: All operations and settlement occur transparently on blockchain, ensuring full auditability and programmability.
- Real-World Financial Utility: Products deliver genuine value in established financial markets — lending, trading, payments, custody, or asset management.
- Institutional-Grade Design: Infrastructure meets the standards of professional finance: robust risk management, compliance frameworks, scalability, and operational resilience.