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Citi and DTCC Launch Live Cross-Border Tokenized Collateral Trades

Citi and DTCC demonstrate live use of tokenized collateral in real transactions, with Citi processing billions in settlements and DTCC validating cross-time-zone transactions despite regulatory challenges.

Summary

Citi and DTCC revealed at New York SmartCon that tokenized collateral is now actively used in real-world trades across multiple jurisdictions. Citi’s Token Services, which operates in the US, UK, Hong Kong, and Singapore, processes billions in settlements. DTCC validated the use of tokenized assets across time zones, highlighting progress in blockchain-based financial transactions. Regulatory fragmentation remains the key challenge.

Terms & Concepts
  • Tokenized Collateral: Assets such as cash, securities, or funds represented as digital tokens on a blockchain to enable transparent and efficient transfer and settlement.
  • DTCC (Depository Trust & Clearing Corporation): A U.S.-based organization providing post-trade clearing and settlement services for financial markets.
  • Citi Token Services: Citigroup’s blockchain initiative enabling digital settlements and asset tokenization across multiple global jurisdictions.