Citibank Token Services for Cash goes live. This service uses a private blockchain to transfer money 24/7

We are starting to see tradfi integrate blockchain into their services and go live. Importantly this service runs on a private blockchain owned and operated by Citibank. We will likely see more of this in the future. Banks have more control over costs and can make upgrades by operating on their own chain.

And what will connect all these private bank chains? That is the question.