PANews reported on May 6th, citing CoinDesk, that Ryan Rugg, Head of Digital Assets for Treasury and Trade Solutions at Citigroup, stated at the Consensus Miami conference that tokenized currencies will fail to realize their potential if they remain confined to a single banking system rather than operating across institutions. Large corporate clients typically manage hundreds or even thousands of accounts across multiple banks globally, requiring real-time, 24/7 payments that can seamlessly operate across networks. Rugg pointed out that clients need not tokens from a single bank, but rather multi-bank support. Citigroup has built its own tokenization platform and connects to a 24/7 USD clearing system encompassing over 300 banks, but internal upgrades are far from sufficient. She emphasized the need for industry-wide infrastructure sharing and a clear legal framework.