Tokenized Deposits Move Into Japan as Citi Plans 24/7 Corporate Remittances

Citigroup is preparing to bring tokenized deposits to Japanese businesses, opening a new route for corporate payments that could move money across borders without waiting for traditional banking hours.The planned service, reported by Nikkei on Wednesday, would allow corporate customers in Japan to send foreign currencies instantly, including overnight and during holidays. Citi could launch the offering as early as this year.For companies accustomed to the rhythms of conventional bank transfers,