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Citi Bank Executive Discusses the Importance of Tokenization and Fund Interoperability
ME News, May 6 (UTC+8): Ryan Rugg, Head of Digital Asset Solutions for Finance and Trade at Citibank, said that if tokenized funds are limited to a single banking system rather than being interoperable across multiple institutions, they will not be able to realize their full potential. Rugg noted that large corporate clients typically have hundreds or even thousands of bank accounts worldwide, and what they need is not a “Citibank token,” but a real-time payment system that can run seamlessly across banks and networks. She believes that the future of tokenized finance depends on industry-wide shared infrastructure and clear regulatory frameworks, rather than isolated banking platforms. (Source: MLion)