Several financial institutions recently launched blockchain-powered tokenisation platforms, with both Citi and DBS launching commercial services in October.
In its latest earnings, major US bank Citi saw its cross-border transaction value grow by 8% in Q3 2024 and discussed its latest tie-up with Mastercard Move.
We’ve taken another look at the difference between wholesale and retail CBDCs, and which are currently being discussed in relation to cross-border payments.