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Citi and DBS Set Milestone with First Tokenized Cross-Border Deposit via Swift


DBS and Citi have completed the first tokenized cross-border payment between Singapore and the United States over a blockchain-based settlement rail, marking a concrete step in banks’ shift from t...
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DCAFirebird
2 hours ago
It took several years to go from pilot to implementation. The collaboration between DBS and Citi shows that tokenized deposits are no longer just a proof of concept, but commercially viable infrastructure. The next question is whether other major banks will follow suit.
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HedgeCat
2 hours ago
Swift is finally getting serious.
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VWAPFollower
3 hours ago
On-chain settlement + the SWIFT network—this combination is rather interesting. It retains traditional finance’s compliance framework while also benefiting from blockchain’s efficiency gains, without offending either side.
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IndicatorShop
3 hours ago
Traditional banking giants are entering the fray, and the RWA sector is about to heat up.
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SignBlindBoxVictim
3 hours ago
First Review
A small step that marks a milestone, a giant leap for banking’s digital transformation
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