During today’s Citi Digital Money Symposium, the bank unveiled its new Citi Integrated Digital Assets Platform (CIDAP) to serve the entire group. Citi is involved in various digital money and tokenization projects.
Altin Hoxha, the lead for the platform, said it aims to “enable fast adoption of innovation and innovation which is in compliance with all these regulatory regimes around the world.”
Last year Citi launched its tokenized deposit solution, Citi Token Services, with a cash solution for corporate treasury management and a trade solution. The cash side is live in the US and Singapore, enabling corporates to move money 24/7. On the trade side, it is piloting tokenized guarantees with Maersk.
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