Citigroup has introduced Citi Token Services, a private blockchain that provides corporate clients with automated solutions for cross-border payments, liquidity and trade financing. The new services integrate tokenized deposits and smart contracts into Citi's global network, he said.  Citi Treasury and Trading Solutions (TTS), which has bank licenses in more than 90 countries, has completed two pilot projects to promote the service. He worked with the Danish transport company Maersk and the unnamed channel authority on a program that directly pays service providers with smart contracts and reduces the processing time of transactions from a few days to a few minutes. Re-careIn the statement, send bank guarantees and letters of credit. The co-pilot project allows customers to exchange liquidity between Citi branches 24 hours a day, reducing frictions on deadlines and December Decencies in the service window, said Ryan Ragg, chief digital asset officer at TTS global. Continued: In November 2022, the Regulated Responsibility Network (RLN) technology was introduced. Citi was one of the largest financial institutions to participate in the concept validation led by the Federal Reserve Bank of New York, which ended in July. Distributed registration technology could save tradfi $100 billion a year - lobby GROUPPRLN infrastructure places assets and liabilities in the same registry to provide an atomic solution. This is one of several one notebook proposals that have surfaced in recent months. Citi's new service uses deposit tokens, which represent the token money of a commercial bank. Note that in light of the announcement made by Citi Token Services, they have developed a separate protocol to bypass # Bitcoin under the name of the Regulated Liability Network. From the RLN website: pic.twitter.com/2dUYJX4zK0JPMorgan It is also reported that the company is investigating the use of deposit tokens. This technology was developed as part of the Guardian project launched by the Monetary Authority of Singapore, which Jpmorgan joined in May 2022. Magazine: Are DAOS overly encouraged and impractical? Lessons learned on the frontline