Citi is upgrading some of its services for institutional clients using blockchain technology.
The banking giant introduced Citi Token Services on Monday, which will tokenize clients' deposits so they can be sent anywhere in the world instantly.
The bank is also now using smart contracts to automate the trade process. Smart contracts are self-executing programs that run automatically when the conditions of an agreement or contract are met.Sign up for NBC LA newsletters.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Citigroup Makes Epic Crypto Debut With Launch of Citi Token ServicesMajor US financial conglomerate expands into digital asset space with new token service
Les mer »
Geopolitics could drive oil prices over $100, Citi saysOil prices could rise to $100 a barrel in the short term thanks to the latest developments out of Saudi Arabia and Russia, according to Citi.
Les mer »
Citi expands digital asset services with bond custody, tokenized depositsCitigroup has become the first digital custodian for the BondbloX Bond Exchange (BBX), the global investment bank said.
Les mer »
Bartolo Colon gushes over Mets fans as he officially retires with teamColon did not make his way to Citi Field until 2014, when he already had pitched in 411 games.
Les mer »
'When Evil Lurks' Review: A Gleefully Mean-Spirited Horror Ride to HellEveryone and anyone is on the chopping block in this gruesome horror flick.
Les mer »
Monroe County kicks off Hispanic Heritage Month with block partyRochester, N.Y.- City Hall came alive with the tastes and sounds of Hispanic Heritage Friday evening.The day started with live music and dance from Sunshine Per
Les mer »