TechFlame reports that Citigroup CEO Jane Fraser made it clear that tokenized deposits, rather than stablecoins, will be the main driver of the next generation of payment and financial market infrastructure. At the third quarter earnings call, she said that institutional clients seek low-cost, compliant, and seamless real-time cross-border capital flows, and that tokenized deposits are the best way to achieve safe, reliable, multi-bank interoperable, and always-on payment solutions. Citi has invested heavily in digital asset infrastructure, and its tokenized service can connect more than 250 banks in more than 40 markets to enable instant transfers. However, Fraser pointed out that the obstacle to popularity is that corporate finance departments are unable to adapt to the 24/7 financial environment. Citi will continue to support stablecoins, but stablecoins have compliance burdens such as anti-money laundering and tax returns, and tokenized deposits can be avoided. She also cautioned against excessive speculation on stablecoins, saying that most problems will be solved through tokenized deposits. She pointed out that in the future, tokenized applications will far exceed payments, all types of asset issuance and settlement will be tokenized, and regulation is promoting responsible innovation, and Citi will include it in the toolkit.