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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.

Bloomberg: Deutsche Bank plans to launch cryptocurrency custody services next year

ChainCatcher news, according to Bloomberg, informed sources revealed that Deutsche Bank AG plans to launch its digital asset custody service next year (2026) and has invited the technology department of cryptocurrency exchange Bitpanda to assist in building the service.The sources stated that the bank's corporate banking division had publicly announced its custody business plans as early as 2022 and will continue to collaborate with Swiss technology service provider Taurus SA to advance this project. These sources requested anonymity due to the confidential nature of the discussions. The advancement of this custody service comes as major financial institutions are increasingly focusing on crypto assets. The newly introduced European crypto regulatory framework and the gradual shift towards a favorable environment in the U.S. have led traditional institutions to show greater interest in digital assets.Bitcoin prices have continued to rise since Trump was re-elected president in November 2024. Trump appointed several officials who support cryptocurrencies to key regulatory positions and pushed for stablecoin regulatory reforms, boosting market confidence. According to earlier reports by Bloomberg, Deutsche Bank stated this month that it is exploring stablecoins and various forms of tokenized deposits, including issuing its own tokens or joining industry alliances. Additionally, the bank is also evaluating whether to develop its own tokenized deposit solutions for the payments sector.

German savings banks open cryptocurrency trading services to private customers

ChainCatcher news, according to Bloomberg, the German Savings Bank Group (Sparkasse) has decided to open cryptocurrency trading services, such as Bitcoin, to private customers, breaking a long-standing ban by the institution. Meanwhile, the German Cooperative Banking System (Volks- und Raiffeisenbanken) has already begun developing related services, with plans to officially launch them this summer.The German Savings Banks and Giro Association (DSGV) announced on Monday: "The Savings Bank Financial Group will establish reliable channels for accessing regulated cryptocurrency services." In the future, self-directed customers will be able to use the cryptocurrency services provided by its subsidiary DekaBank through the Savings Bank APP. This securities service company is jointly owned by various savings banks. A DekaBank spokesperson revealed to Bloomberg that the related services are expected to be completed within a year, and customers may start cryptocurrency trading in the summer of 2026.About three years ago, an internal committee of the savings bank system recommended not to provide cryptocurrency trading services to customers. However, recent signs indicate that interest in this area is warming up. Matthias Dießl, president of the Bavarian Savings Bank Association, clearly stated in an exclusive interview with Bloomberg in April: "We savings banks should also offer our customers the option of cryptocurrency trading."
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