Siam Commercial Bank partners with Citi on 24/7 USD clearing using Citi Token Services

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Citigroup Inc.

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  • Citigroup partnered with Siam Commercial Bank to launch an integrated 24/7 USD clearing service using Citi Token Services.
  • Service targets near real-time, round-the-clock cross-border USD payments for corporate, institutional clients, aiming to reduce settlement delays outside US banking hours.
  • Citi Token Services tokenizes deposits on a private permissioned blockchain within the regulated banking system, linking Citi, non-Citi accounts.
  • SCB became the first financial institution client to go live; the network connects more than 300 financial institutions across 50+ markets.
  • First transaction moved USD from a Citi London account to SCB in Thailand over a US holiday weekend, using the integrated setup.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Citigroup Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260708949103) on July 09, 2026, and is solely responsible for the information contained therein.