C ▼ -0.7% - Citigroup Inc. $C TO OFFER INSTANT CROSS-BORDER PAYMENTS FOR JAPANESE FIRMS VIA BLOCKCHAIN The bank will offer overseas remittance services for Japanese companies using blockchain-based tokenized deposits as early as this year, per Nikkei. Citi is among the 21 firms that announced last week they will launch a stablecoin venture in the first half of 2027. Tokenized deposits are traditional money represented as digital tokens, distinct from stablecoins. Citigroup shares fell 0.7% today as the bank announced plans to offer blockchain-based cross-border payment services for Japanese firms using tokenized deposits, part of a broader 21-company initiative to launch a stablecoin venture by mid-2027. The move positions Citi in the emerging digital payments space, though the modest decline suggests investors are calibrating expectations around the competitive landscape and timeline for revenue generation from these services. 08-SEP-2026 04:10 PM ET