Citibank's cash token service has been put into commercial use

ChainCatcher news, a year ago Citibank launched two pilot models of tokenized deposit solutions. The Citi Cash Token service enables businesses and institutions to transfer funds between Citibank branches worldwide around the clock. This service is now commercially available, with Mars being one of the first customers.

The second solution is the Citi Token Services for Trade, which is still in the pilot phase and is conducting new pilot transactions with shipping agents CB Fenton and GAC Panama Shipping.