World · Institutional · Global ·
Citi and DBS execute tokenized weekend cross-border deposit on Swift blockchain ledger
Citibank and DBS completed their first tokenized cross-border USD deposit transfer over the weekend using Swift's blockchain-based Digital Ledger. The transaction demonstrated the ability to move funds outside traditional banking hours, marking the second live use of Swift's blockchain system.
Why it matters for the crypto market
Major global banks proving tokenized settlement works on blockchain infrastructure for weekend and after-hours transactions demonstrates real institutional adoption of blockchain-based payment rails.
Source: CoinDesk
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