Citi Token Services built by Citibank using blockchain technology has achieved 24/7 cross-border settlement

ChainCatcher news, according to Crowdfund Insider, Citibank has released two reports, "Investing in the Future" and "Real-Time Financial Systems," indicating that the global infrastructure investment demand will reach $58.6 trillion over the next 15 years. It calls for innovative financing models such as sovereign wealth funds and public-private partnerships (PPP) to fill the gap. The report states that current traditional financing models are constrained by budget deficits and need to attract institutional capital towards long-term yield areas such as renewable energy and digital infrastructure.

The concurrently released "Real-Time Financial Systems" report reveals that Citibank's Citi Token Services, built using blockchain technology, has achieved 24/7 cross-border settlement, processing an amount equivalent to Germany's GDP on a daily basis. This solution utilizes smart contracts to optimize supply chain finance and trade settlement processes, with a network covering over 160 countries to provide real-time cash management services for businesses.

The report cites Citibank DeFi strategist Alex Saunders, who believes that by 2025, crypto assets will continue to integrate into the mainstream financial system. Citibank emphasizes the need to collaborate with the government to address regulatory complexities and cybersecurity challenges to support the compliant development of real-time financial infrastructure.