Citigroup at the Vanguard of Blockchain: From Tokenized Deposits to Tokenization Leadership

Citigroup’s Blockchain Playbook

1. Institutional Investment Leadership
Citigroup topped industry charts with 18 in-house blockchain investments from 2020–2024—matching Goldman Sachs and leading JP Morgan—via mega-rounds in tokenization and crypto infrastructure.

2. Tokenized Deposit & Token Services Platform
Citi Token Services, a live commercial platform, converts deposits into instant, tokenized assets on a private blockchain—delivering real-time liquidity and reducing settlement friction.

3. Trade Finance on Contour (India)
Citi India completed the nation's first blockchain-based Letter of Credit on the Contour platform—processing a transaction in 3 hours versus the typical 5–10 days.

4. FX Settlement Innovations via Singapore Project Guardian
Under MAS’s Project Guardian, Citi piloted blockchain-based spot FX pricing and settlement for USD/SGD—demonstrating institutional-grade trade-fi infrastructure on Avalanche.

5. Issuing a Stablecoin & Crypto Custody Expansion
Citi CEO Jane Fraser confirmed exploration into issuing its own stablecoin and expanding custody services and stablecoin reserve management capabilities.

Why It Matters Globally

Coinccino Take

“Citigroup is quietly building the rails of tomorrow’s finance today—tokenizing deposits, piloting blockchain-based trade and FX tools, and scaling capital market infrastructure. From Wall Street to Dubai and Mumbai, Citi’s roadmap reflects blockchain’s evolution from futuristic concept to backbone of real-world finance.”