Case Study: Citi achieves near real-time, 24/7 transaction banking with LF Decentralized Trust's Besu

Citi speeds global payments to near real-time with LF Decentralized Trust

Citi, a leading global bank, faced challenges with slow and complex cross-border enterprise payments and trade financing processes. To innovate and securely integrate blockchain technology, they partnered with LF Decentralized Trust and implemented its Hyperledger Besu enterprise blockchain framework.

The solution built on Besu enabled Citi to launch Citi Token Services for Cash, which uses tokenized deposits to facilitate near real-time, 24/7 global transactions. This resulted in transactions that previously took days being completed almost instantly, significantly increasing efficiency and liquidity management for clients. The project's success earned Citi the 2024 Celent Model Bank Award for Digital Asset Innovation, showcasing the transformative impact of the LF Decentralized Trust technology.

Citi​