DBS and Citi Execute Weekend USD Payment via Swift's Tokenized Ledger
DBS and Citi successfully completed a weekend USD payment using Swift's Digital Ledger, demonstrating the operational viability of tokenized deposits for cross-border settlements.
Institutions
DBS and Citi
Asset Type
Tokenized deposits
Platform
Swift's Digital Ledger
Currency
USD
Two major financial institutions utilized a new digital ledger framework to settle a transaction outside standard banking hours. This event highlights the potential for tokenized deposits to facilitate continuous, efficient USD payments through established messaging networks.
Original summary by the Tokensoft Newsroom based on the cited source; read the source for full details. Not investment advice.