RWA

DBS and Citi complete weekend USD payment via Swift’s Digital Ledger using tokenized deposits

CoinDesk2h agoUpdated 51m ago
DBS and Citi complete weekend USD payment via Swift’s Digital Ledger using tokenized deposits
Smart Read

The transaction is the second confirmed live use of Swift's blockchain ledger, coming as the network races to prove it can compete with digital payment rails that never close.

Discussion

Related stories

CoinTelegraph

Citi, DBS complete first weekend tokenized cross-border deposit on Swift

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.

The Block

South Korea’s Hanwha develops tokenized securities platform on Avalanche as local regulation takes shape: report

South Korea passed amendments that integrate tokenized securities into the existing financial system, coming into effect next February.

CoinTelegraph

Harmony proposes shutting down layer 1, migrating ONE to Ethereum

Harmony proposed sunsetting its layer-1 blockchain and migrating ONE to Ethereum, weeks after an exploit led to plans to discard 109,000 transactions.

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.