According to CoinMeta, Citibank announced that its citi token services services have been launched in Japan and the United Arab Emirates, covering a total of 7 markets including the United States, Ireland, Hong Kong, Singapore, the United Kingdom, Japan, and the UAE. Among them, the Japanese market supports transactions in US dollars, while the UAE market supports transactions in both US dollars and euros. This service utilizes a privately licensed blockchain and tokenized deposits to provide enterprises and financial institution customers with around-the-clock, near-real-time cross-border fund transfers for payments, liquidity, and collateral management, reducing limitations caused by bank processing times, time zones, and holidays.