Citi is taking its blockchain-based payment system global. The bank has added Euro transactions and established a new operational hub in Dublin, broadening the reach of its Citi Token Services (CTS) platform beyond the US dollar and into Europe’s core financial markets.
Euro Integration Marks Next Phase of 24/7 Payments
According to the company, the addition of Euro transfers allows its corporate and institutional clients to send funds around the clock, regardless of time zone or banking hours. The service, already live in the US, UK, Singapore, and Hong Kong, connects directly to Citi’s branches on the CTS network, enabling faster settlement and improved liquidity management across borders.
“This expansion highlights our ongoing commitment to continuous innovation in order to meet our clients’ 24/7, global needs,” commented Stephen Randall, Global Head of Liquidity Management Services.
“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.”
This development builds on Citi’s September integration of its 24/7 USD Clearing platform with Citi Token Services—an industry-first move that eliminated many of the constraints of traditional payments. The initiative aims to deliver real-time money movement “when and where” clients need it, according to the bank.
Launched in 2023, Citi Token Services for Cash leverages a private, permissioned blockchain to process billions of dollars in transactions. The technology replaces traditional cut-off times with continuous settlement, letting clients access liquidity instantly and move funds globally at any hour.
Dublin Becomes Key Liquidity Center
Citi’s decision to extend the platform’s footprint to Dublin underlines the Irish capital’s growing role in the bank’s European operations. From Dublin, clients can now transfer both USD and Euros to their own or third-party accounts at other Citi branches worldwide. The move aims to address the long-standing challenge of liquidity management outside regular business hours.
Citi’s latest expansion supports its broader ambition to build a multi-bank, multi-currency payment ecosystem that operates continuously and without friction. As tokenization moves from concept to enterprise use, Citi is positioning itself at the forefront of how institutional clients manage liquidity in a digital-first financial landscape.
