11h ago
Citi's Tokenization Platform Processes Billions Across Four Markets as Executives Cite Regulatory Fragmentation
Citi's tokenized cash platform is live in the U.S., U.K., Hong Kong, and Singapore, processing billions in client transactions for supply chain payments and capital markets settlements. Executives from Citi, DTCC, and Taurus speaking at Chainlink's SmartCon 2025 conference said blockchain infrastructure is operationally ready, but fragmented regulatory frameworks and lack of interoperability standards remain the primary barriers to scaled adoption.
11h ago
12h ago
Mastercard Partners With Ripple and Gemini to Pilot RLUSD Settlement on XRP Ledger
Mastercard is collaborating with Ripple and Gemini to trial a blockchain-based credit card settlement system using the RLUSD stablecoin on the XRP Ledger. The pilot connects Gemini's WebBank-issued credit card to on-chain infrastructure, replacing conventional bank clearing processes with stablecoin transfers. This marks a rare instance of a regulated U.S. bank engaging with public blockchain settlement.
12h ago