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CITI is set to make an appearance at the upcoming Future Of Digital Assets event powered by Benzingaon Nov 14 in NYC. Secure a spot here with code BZ10 for a 10% discount.

In less than a week after Deutsche Bank DB and HSBC HSBC partnered with other companies for digital asset custody, Citigroup IncC has now turned to the digital asset space to launch tokenized digital assets using its own wallet and blockchain.

Citi's Token Service will provide cross-border paymentsand liquidity all around the clock.

Read More: Deutsche Bank Joins Crypto Wave: Partners With Taurus For Digital Asset Custody

What Happened: Citigroups Citi Treasury and Trade Solutions launched Citi Token Services for delivering digital asset solutions to institutional clients using blockchain and smart contract technologies. For better cash management and enhancing trade finance capabilities, the service will integrate tokenized deposits and smart contracts into Citis global network.

Citi Token will convert customer deposits into digital tokens which can be transferred anywhere in the world. The client will not have to set up their own digital wallet and will be able to access the service through the banks existing systems. The bank will depend on a private blockchain owned and managed by the bank.

Find out how digital assets are changing the face of traditional banks! Meet and engage with transformativeDigital Asset and Cryptobusiness leaders and investors at Benzinga's exclusive event:Future of Digital Assets. Tickets are flying:Get yours!

In the first week of September, JPMorgan Chase & Co JPM was looking at developing a blockchain-based digital deposit token for enhancing international transaction settlements. The bank is likely to introduce this product to corporate clients within 2024.

The Regulated Liability Network: The offering cameamid Citis participation in a month-long test of a Regulated Liability Network wherein a unit of the Federal Reserve Bank of New York and other global banks also participated. The test will allow banks to simulate issuing digital money representing their customers own funds before settling through central bank reserves on a distributed ledger.

The result led to the finding that the use of digital dollars can improve wholesale payments.

Frictions related to cutoff times and gaps in the service window will be reduced, the global head of digital assets at Citigroups treasury and trade solutions division commented.

Also Read: Third Largest US Bank Citigroup In Layoff Talks After Management Restructure

As a pilot program, Citi served Maersk and a canal authority by digitizing solutions such asbank guarantees and letters of credit. The solution used in the pilot program led to instant payment capabilities to buyers and sellers which reduced transaction processing times from days to minutes.

Know about how other companies have implemented this service! Meet and engage with transformativeFintech businessleaders and investors at Benzinga's exclusive event:Fintech Deal Day. Tickets are going fast:Get yours!

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Leafs finish off Senators for spot in East semifinals

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Leafs finish off Senators for spot in East semifinals

OTTAWA, Ontario — Max Pacioretty scored the tiebreaking goal with less than six minutes remaining, leading the Toronto Maple Leafs to a series-clinching 4-2 victory over the Ottawa Senators on Thursday night in Game 6 of their first-round matchup.

William Nylander had two goals, including an empty-netter in the final seconds, and an assist, and Auston Matthews added a power-play goal in the first period for Toronto. Anthony Stolarz made 20 saves.

Brady Tkachuk and David Perron scored for Ottawa. Thomas Chabot had two assists and Linus Ullmark made 19 saves.

The Maple Leafs advanced to take on the defending Stanley Cup champion Florida Panthers in the second round of the Eastern Conference playoffs. The Panthers beat the Tampa Bay Lightning in five games in their first-round series.

Toronto grabbed a 3-0 series lead, but Ottawa stayed alive with a 4-3 overtime victory in Game 4 and a 4-0 shutout in Game 5.

The Maple Leafs finally put away the Senators in Game 6.

With the game tied at 2, Pacioretty — a heathy scratch to start the series — scored the winner with 5:39 remaining off a pass from Max Domi that beat Ullmark to the glove side. It was Pacioretty’s first goal of the playoffs.

Scott Laughton hit the post before Nylander iced it into the empty net with 18.3 seconds left.

Matthews put Toronto up 1-0 on a power play with 70 seconds left in the first period when he fired a low shot through traffic.

Nylander, on his 29th birthday, made it 2-0 just 43 seconds into the second when he ripped a shot past Ullmark after Pacioretty forced a turnover from Senators defenseman Nick Jensen.

Ottawa got on the board at 7:28 when Tkachuk tipped a shot past Stolarz.

Toronto, which beat Ottawa four times in five playoffs series in the early 2000s, came close to restoring its two-goal lead when John Tavares poked a loose puck off the post before Ullmark denied Matthew Knies and Brandon Carlo off the rush.

Perron scored with 7:20 left in regulation to tie it on a shot from below the goal line that went in off Stolarz’s back to make it 2-2.

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Eichel’s 1st goal of series helps Knights advance

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Eichel's 1st goal of series helps Knights advance

ST. PAUL, Minn. — Jack Eichel scored his first goal of the series to give Vegas the lead late in the second period, and Adin Hill held it up on a 29-save night to spur the Golden Knights on to the second round with a 3-2 victory in Game 6 against the Minnesota Wild on Thursday night.

Shea Theodore scored first and Mark Stone scored last for Vegas, which will face the winner of the Edmonton-Los Angeles series. The Oilers took a 3-2 lead on the Kings into Game 6 on their home ice later Thursday.

Minnesota has lost nine consecutive series in the NHL playoffs and last made it out of the first round 10 years ago.

Ryan Hartman had two goals for the Wild, including a wraparound with 3:27 left that came 31 seconds after Stone had just given the Golden Knights a two-goal lead.

Stone, who set up Eichel with a long pass out of the zone that was inches out of reach of the stick of Kirill Kaprizov after he dived to try to prevent the breakaway, had four points in the last three games. Neither Stone nor Eichel recorded a single point in the first three games.

Hartman tied the game for the Wild with four seconds left in the first period, a goal safe from replay review unlike his go-ahead score in Game 5 with 1:15 remaining in regulation that was revoked for an offside call after Vegas challenged.

The Wild were unshaken by the consecutive overtime losses that erased their 2-1 lead, confident they measured up to the deeper Golden Knights and could still take the series.

They were quickly playing from behind, though, after Marco Rossi got the dreaded double minor penalty for high-sticking Brayden McNabb with just 2:27 elapsed in the game.

Theodore wristed in a shot from the high slot with Stone and Tomas Hertl screening Wild goalie Filip Gustavsson, immediately quieting the crowd near the end of the first power play. Gustavsson, who was forced out of Game 5 after two periods due to an illness, had 20 saves.

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NHS may offer weight loss jabs over the counter at pharmacies

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NHS may offer weight loss jabs over the counter at pharmacies

Patients will be able to get weight loss injections from pharmacies, according to reports. 

It’s claimed drugs such as Ozempic and Mounjaro could be available over the counter after a short consultation – at the cost of an NHS prescription.

This would broaden access to these jabs considerably, as the health service currently restricts injections to those regarded as having the highest clinical need.

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Weight loss drugs ‘changing way we see obesity’

At the moment, there is a two-year waiting list for Wegovy on the NHS – and last year, research by Sky News showed the rollout is happening far more slowly than planned.

Thousands of people with severe obesity have been denied access to the treatment, with doctors previously claiming that a “soul-destroying” postcode lottery has emerged.

According to the Daily Mail, a multimillion-pound deal for a pilot scheme will be struck with a pharmaceutical firm, with a view to issuing prescriptions through chemists and health centres.

They would be priced at £9.90 – the same as an NHS prescription – and substantially less than the £150-a-month cost of obtaining these injections privately.

More on Nhs

But the reports have been described as “speculative”, with health experts warning obesity drugs must only be used under medical supervision by those who are eligible.

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The weight loss drug that’s ‘too good’

A government spokesperson said: “As the government shifts the NHS from sickness to prevention, we will be looking across the board at how these drugs can be made available to more people who can benefit from them.

“The NHS is already tackling obesity in innovative ways, including through community care models and digital technologies, to help deliver these drugs as part of a rounded package of care.”

Previous estimates from the National Institute for Health and Care Excellence (NICE) have suggested that 3.4 million people in England could benefit from weight loss injections.

But last December, NICE said these jabs would only be available to 220,000 patients on the NHS in the first three years – meaning millions of others could end up waiting up to 12 years for treatment.

Read more from Sky News:
Harrods targeted by cyberattackers

UK’s hottest start to May on record
Police horses attacked by dog in park

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‘I need weight loss drug but can’t get it’

Studies show people lose on average 15% of their body weight within months of starting treatment with Wegovy. The drug mimics a natural hormone and people feel fuller faster and for longer.

Obesity costs the NHS £6bn a year and is linked to 200 different diseases.

Half of all obese people with three related problems, such as high blood pressure or diabetes, die within 10 years.

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