DBS and Citi completed a cross-border USD payment between Singapore and the U.S. over the weekend using tokenized deposits via Swift’s bloc…
DBS and Citi completed a cross-border USD payment between Singapore and the U.S. over the weekend using tokenized deposits via Swift’s blockchain-based Digital Ledger. The September 5 transaction took minutes to complete and demonstrated 24/7 cross-border payment capability outside traditional banking hours. Swift’s ledger synchronizes interbank payment commitments while settlement remains off‑ledger through existing banking infrastructure.