Citi Token Services Marks New Milestone in Delivering Next Gen Transaction Banking Services to Institutional Clients
Citi Token Services Marks New Milestone in Delivering Next Gen Transaction Banking Services to Institutional Clients
New York – Today, Citi announced that Citi Token Services for Cash has moved from a pilot program to a live commercial solution, facilitating multimillion dollar transactions for institutional clients. This marks a significant milestone in Citi's journey to deliver real-time, always-on, next generation transaction banking services to some of its largest global clients. In addition, Citi Token Services for Trade also marked a historic milestone by facilitating pilot transactions in partnership with shipping agents, CB Fenton and GAC Panama Shipping.
纽约——今天,花旗宣布花旗现金代币服务已从试点计划转向实时商业解决方案,为机构客户的数百万美元交易提供了便利。这标志着花旗向其一些最大的全球客户提供实时、不间断的下一代交易银行服务的旅程中的一个重要里程碑。此外,花旗贸易代币服务还通过与航运代理商Cb Fenton和GAC 巴拿马航运合作促进试点交易,标志着一个历史性的里程碑。
"The continued progress of Citi Token Services is a key component of Citi's pursuit of real-time, always-on services for its institutional clients. By using Distributed Ledger Technology (DLT) and smart contracts, Citi has created a patented programmable payment and liquidity platform, which will reduce costs and streamline processes" said Ryan Rugg, Head of Digital Assets, Treasury and Trade Solutions, Citi.
“花旗代币服务的持续进展是花旗追求为其机构客户提供实时、不间断服务的关键组成部分。通过使用分布式账本技术(DLT)和智能合约,花旗创建了一个获得专利的可编程支付和流动性平台,这将降低成本并简化流程。” 花旗数字资产、财资和贸易解决方案主管瑞安·鲁格说。
Citi Token Services for Cash
花旗现金代币服务
Citi Token Services for Cash processes multimillion dollar transactions and provides clients with 24/7, always-on cross-border liquidity and payments between participating Citi branches. Citi Token Services was designed using a private and permissioned blockchain that is solely owned and managed by Citi, ensuring safety and soundness for clients and ease of use. Clients are not required to hold or manage any tokens to access the services.
花旗现金代币服务可处理数百万美元的交易,为客户提供全天候持续的跨境流动性以及参与的花旗分行之间的付款。花旗代币服务是使用私有和许可的区块链设计的,该区块链由花旗完全拥有和管理,确保了客户的安全性和可靠性以及易用性。客户无需持有或管理任何令牌即可访问服务。
"At Mars, we are looking to a future where the treasury ecosystem is always on. As an early adopter of Citi Token Services for Cash, we have seen firsthand that this future requires dynamic, real-time solutions for movement of value. Citi takes an open approach to innovative solutions, while keeping safety, reliability, and scalability top of mind. This solution has enabled us to initiate and program instant payments and liquidity movement between our Citi accounts, reducing the friction caused by cutoff times and streamline our transactions by tokenizing cash. With Citi's private blockchain, we can access all the benefits of blockchain, without any complexity or additional risk - our processes, reporting, and operational risk remain identical," Mayela Stuparitz, Global Treasury Director at Mars, Incorporated.
“在玛氏,我们展望财资生态系统始终处于运行状态的未来。作为花旗现金代币服务的早期采用者,我们亲眼目睹了未来需要动态的实时解决方案来实现价值流动。花旗对创新解决方案采取开放的方法,同时将安全性、可靠性和可扩展性放在首位。该解决方案使我们能够启动和编程花旗账户之间的即时支付和流动性流动,减少了截止时间造成的摩擦,并通过代币化现金来简化交易。借助花旗的私有区块链,我们可以获得区块链的所有好处,而不会出现任何复杂性或额外风险——我们的流程、报告和运营风险保持不变,” 玛氏公司全球财资董事玛耶拉·斯图帕里茨。
Initially, Citi piloted this solution between Singapore and New York, and continues to pursue onboarding additional branches to unlock further opportunities. With the industry's largest proprietary network and banking licenses in over 90 countries, there is potential to support multiple key payments corridors for clients via the solution.
最初,花旗在新加坡和纽约之间试行了这种解决方案,并继续寻求增加分支机构以释放更多机会。凭借业界最大的专有网络和银行牌照遍布90多个国家,因此有可能通过该解决方案为客户支持多个关键支付走廊。
"We've long seen the potential for clients with Citi Token Services for Cash and are pleased to have the opportunity to now deliver those advantages on an increasing scale" said Ambrish Bansal, Global Head of Liquidity and Cash Concentration Products, Citi, adding, "For clients, inefficiencies and pain-points like service windows and cut off-times will increasingly fade away as we drive more innovation in this space."
花旗流动性和现金集中产品全球主管安布里什·班萨尔表示:“我们早就看到了客户使用花旗代币现金服务的潜力,也很高兴现在有机会越来越大规模地提供这些优势。” 他补充说,“对于客户来说,随着我们在该领域推动更多创新,效率低下和服务窗口和截止时间等痛点将越来越消失。”
Citi Token Services for Trade
花旗代币交易服务
For the first time, CB Fenton and GAC Panama Shipping have utilized Citi Token Services for transit operations to streamline payments. These pilot transits are the first real-world use of Citi Token Services for Trade in global shipping. By replacing transactions such as guarantees and letters of credit with smart contracts backed by tokenized cash, Citi Token Services for Trade will bring trade finance into an increasingly real-time world. The completely digital process will enable 24/7 settlements, when predetermined criteria are met, between Citi clients and their counterparties to automatically execute and provide provisional payments. This technology will significantly reduce transaction processing times from days to minutes.
Cb Fenton和GAC巴拿马航运首次使用花旗代币服务进行过境业务,以简化付款。这些试点过境是花旗代币服务首次在全球航运中实际使用。通过用代币化现金支持的智能合约取代担保和信用证等交易,花旗贸易代币服务将把贸易融资带入一个日益实时的世界。完全数字化的流程将使花旗客户与其交易对手之间的全天候结算能够自动执行并提供临时付款。这项技术将显著缩短交易处理时间,从几天缩短到几分钟。
"Creating cutting edge digital solutions to meet our clients' ever-evolving needs is at the core of what we do at Citi. Throughout our history, we have consistently helped to break down the barriers that have constrained global trade. Today, Citi Token Services for Trade represents the next example of how technology is making trade simpler," said Chris Cox, Global Head of Trade and Working Capital Solutions, Citi.
“创建尖端的数字解决方案以满足客户不断变化的需求是我们在花旗所做工作的核心。纵观我们的历史,我们一直在帮助打破限制全球贸易的壁垒。如今,花旗交易代币服务代表了科技如何简化交易的下一个例子。” 花旗贸易和营运资本解决方案全球主管克里斯·考克斯说。
These pilot transits demonstrate the potential for global trade when manual, and time-consuming processes are replaced by cutting-edge digital solutions and present a significant opportunity to extend Citi Token Services for Trade more widely in the future.
这些试点过境表明,当人工和耗时的流程被尖端的数字解决方案所取代时,全球贸易的潜力,并为将来更广泛地扩展花旗贸易代币服务提供了重要机会。
About Citi
关于花旗银行
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
对于有跨境需求的机构而言,花旗是卓越的银行合作伙伴,是财富管理领域的全球领导者,也是其美国本土市场的重要个人银行。花旗银行在近180个国家和司法管辖区开展业务,为企业、政府、投资者、机构和个人提供广泛的金融产品和服务。
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