Citi Expands Blockchain-Based Settlement in Japan

Citi Bank is set to deploy blockchain-based settlement infrastructure in Japan, enabling 24/7 cross-border transfers across five major international markets. The platform will use private ledger technology to facilitate settlement and provide instant liquidity for corporate clients.

The system is designed to address traditional delays associated with the SWIFT network by bypassing legacy settlement processes. Continuous availability would allow corporate transfers to be processed beyond conventional banking schedules.

Japan becomes a focus for tokenized payments as Citi's proposed infrastructure expands into the country's cross-border financial system. The platform will support 24/7 cross-border transfers across five major international markets, although the specific details of the participating institutions and technical architecture remain unclear.