Questions tagged [token transfer service]

noah_wright_author Tue Jul 09 2024 | 6 answers 1103

Could you elaborate on Citigroup's recently introduced 'token transfer service'? I'm particularly interested in understanding its core functionalities, how it differs from traditional financial transfer systems, and the potential implications it might have for the cryptocurrency and financial landscape. Specifically, I'd like to know if this service enables the direct transfer of cryptocurrencies between parties, or if it facilitates the transfer of tokenized assets. Additionally, I'm curious about its compliance measures, especially in terms of regulatory oversight and ensuring the security of transactions. Any insights you can provide would be greatly appreciated.