According to Odaily, Citibank has announced the launch of its comprehensive digital asset platform, CIDAP, at a recent digital currency seminar. The platform is designed to serve the entire group and has been involved in numerous digital currency and tokenization projects. Altin Hoxha, the person in charge of the platform, stated that CIDAP aims to promote innovation and ensure the rapid adoption of innovations that comply with all global regulatory systems.
The CIDAP platform is supported by an internal blockchain network and is designed to integrate with external DLT and other solutions. This multi-layered platform features platform services that support off-chain processing and a user interface for configuration. The launch of CIDAP is a significant step for Citibank in embracing digital currencies and blockchain technology, demonstrating its commitment to innovation and regulatory compliance.
