Cryptocurrency1d ago
Citi, DBS complete first weekend tokenized cross-border deposit on Swift
AI EXECUTIVE SUMMARY
Citi and DBS completed a tokenized cross-border deposit over the weekend, using Swift’s blockchain-based ledger to bypass traditional banking hours. The transaction demonstrates the growing use of blockchain technology for international payments.
WHY IT MATTERS
It shows how major banks are adopting blockchain to streamline cross-border payments and reduce reliance on conventional banking schedules.
Citi and DBS completed their first tokenized cross-border transfer over the weekend, using Swift’s blockchain-based ledger to circumvent the constraints of traditional banking hours.
This story was originally reported by Cointelegraph. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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DBS and Citi complete weekend USD payment via Swift’s Digital Ledger using tokenized deposits
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