Citigroup CEO Advocates for Tokenized Deposits Over Stablecoins
- CEO Jane Fraser stated that tokenized deposits will drive next-generation payments and financial infrastructure.
- Citi’s tokenized services can connect to over 250 banks across more than 40 markets.
- Fraser noted that the main barrier to adoption is not technology, but corporate treasury readiness for a 24/7 financial environment.
- Citi continues to support stablecoins, providing on/off ramps and custodial services despite their operational frictions.
- Fraser highlighted the potential for tokenization in various sectors, including oil and equities, within a regulated framework.
Fraser emphasized that clients are seeking low-cost, compliant payment solutions through interoperable systems, which tokenized deposits can provide effectively. The bank’s significant investment in digital asset infrastructure aims to meet these evolving demands.
With over 250 banks connected through its network, Citigroup is positioning itself at the forefront of digital finance innovation by prioritizing tokenized deposits over stablecoins.(Source)
