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Deployments · platform by Citi

Citi Token Services for CashUpdated 28 Oct 2026

Citi turns client deposits into tokens on its own permissioned blockchain so corporate and institutional clients can move money between Citi locations at any hour, outside bank cut-off times and holidays. Used for cross-border payments and liquidity management; Citi told investors in May 2026 that hundreds of clients were moving close to $1bn a day. Siam Commercial Bank became the first bank client through Citi's 24/7 USD Clearing link in July 2026, and the service was live in seven markets by September 2026.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited)[1] — Processes billions of dollars, but only for Citi clients in enabled markets. Re-assess for live (scaled) as coverage grows. · Reviewed 24d ago

Assets
Bank deposit[1]
Tokenised Citi deposits
Networks
Citi Token Services ledger Private, permissioned[1]
Use cases
Cross-border payments[1]Treasury management[5][1]Collateral mobility[1]
Jurisdictions
United States, United Kingdom, Ireland, Hong Kong, Singapore, Japan, United Arab Emirates

Participants

  • CitiPlatform provider, Operator, Issuer, Technology provider[1]United States
  • Siam Commercial BankClient or user[6]Thailand
  • Phillip Securities (Thailand)Client or user[6]Thailand
  • MarsClient or user[2]United States
  • Hundreds of Citi corporate and financial-institution clients (Citi, May 2026); only Siam Commercial Bank, Phillip Securities Thailand and Mars are named.[5]

Metrics

  • ~$1bn / dayDaily value moved by clients · as of May 2026[5]
    Citi's words: hundreds of clients moving close to $1bn each day; liquidity and working-capital management named as the main use, so recorded under treasury-management.
  • over 100 clientsClients using the service · as of May 2026[5]
    Citi says 'hundreds of clients'; recorded as a floor of 100.

Timeline

  1. Happened 28 Sep 2026 · Scope expansion · recorded 11 Oct 2026
    Expands to Japan (US dollars) and the UAE (US dollars and euros), taking the service to seven markets.[1]
  2. Happened 9 Jul 2026 · Participant joined · recorded 15 Oct 2026
    Siam Commercial Bank becomes the first bank to go live on the combined 24/7 USD Clearing and Token Services solution; its client Phillip Securities Thailand makes the first payment over a US holiday weekend.[6]
  3. Happened 7 May 2026 · Volume milestone · recorded 15 Oct 2026
    At its investor day Citi says the service is live in five locations for USD and euro flows, with hundreds of clients moving close to $1bn a day.[5]
  4. Happened Nov 2025 (month only) · Scope expansion · recorded 11 Oct 2026
    Adds euro transactions and Dublin; live at this point in the US, UK, Singapore and Hong Kong.[3]
  5. Happened Sep 2025 (month only) · Scope expansion · recorded 11 Oct 2026
    Linked to Citi's 24/7 USD Clearing, enabling round-the-clock multibank cross-border payments for clients with accounts in the UK and US.[4]

Sources

  1. [1]Citi Token Services Expands Global Footprint Into Japan and UAE — Citi, 28 Sep 2026. Accessed 11 Oct 2026.B
  2. [2]Citi Token Services Marks New Milestone in Delivering Next Gen Transaction Banking Services to Institutional Clients — Citi, 10 Oct 2024. Accessed 28 Oct 2026.B
  3. [3]Citi unveils strategic expansion of Citi Token Services with euro integration — Citi, Nov 2025. Accessed 11 Oct 2026.B
  4. [4]Citi Token Services Integrates With 24/7 USD Clearing — Markets Media, Sep 2025. Accessed 11 Oct 2026.C
  5. [5]2026 Investor Day transcript, Services presentation (Shahmir Khaliq) — Citi, 7 May 2026. Accessed 15 Oct 2026.B
  6. [6]Siam Commercial Bank becomes first bank globally to go live with Citi's 24/7 USD Clearing and Token Services — The Asian Banker (Citi and SCB press release), 9 Jul 2026. Accessed 15 Oct 2026. Joint Citi/SCB press release republished; the Business Wire original blocks fetching..B

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