Citi to introduce tokenized deposits in Japan as first foreign bank
AI Summary
Citi plans to introduce tokenized deposits in Japan.
The initiative would make Citi Japan’s first foreign bank to offer tokenized deposits.
The report identifies Japan as the market for Citi’s planned introduction.
Citi is set to introduce tokenized deposits in Japan, which would make it the first foreign bank to do so there. Tokenized deposits are digital representations of bank deposits issued on blockchain-based systems.
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