A new blockchain-based payment system from Citi provides corporate clients in Japan with the ability to settle cross-border transactions instantly. The offering, reported by Nikkei, allows companies to move funds internationally without the time delays associated with legacy interbank settlement systems.

The service incorporates tokenized payment rails to boost efficiency and reduce transaction fees for corporate users. This rollout highlights the growing adoption of blockchain infrastructure by global banks to streamline the movement of real-world assets and optimize corporate liquidity.