Financial giant Citi and DTCC: Tokenized collateral technology is feasible, but regulatory inconsistencies are the biggest obstacle

On November 6, PANews reported that, according to CoinDesk, financial giant Citi and the DTCC revealed at SmartCon in New York that cross-asset, cross-border “Tokenized Collateral” has been operational in real transactions. The technology is feasible, but inconsistent regulations remain the biggest obstacle. Citi stated that “Citi Token Services” is live in the U.S., the UK, Hong Kong, and Singapore, handling billions of dollars in client funds and settlements. The DTCC’s “Great Collateral Experiment” demonstrated that tokenized U.S. Treasuries, stocks, and money market funds can be used as collateral across different time zones. The three parties emphasized the need for unified laws and standards; they called for organizations like SWIFT to participate in developing shared protocols. Without this, fragmentation and compliance conflicts could arise.