Tag
Tokenized Deposits
3 articles
DBS, Citi Move Tokenized Deposits Across SWIFT Ledger Over Weekend
The banks settled a cross-border transfer from Singapore to the U.S. in minutes on Saturday, bypassing conventional two-day settlement cycles via SWIFT's digital infrastructure.
Citi, DBS Settle Tokenized USD Payment in Minutes as RWAs Near $40 Billion
The banks used Swift's Digital Ledger to complete a cross-border transfer over a weekend in minutes, cutting traditional two-day settlement times and signaling institutional momentum behind tokenized assets.
39 State Banking Groups Announce BankChain Alliance—Without Technical Specs or Bank Commitments
A consortium of state banking associations plans a blockchain network for tokenized deposits by 2027, but has not disclosed consensus mechanisms, governance structures, or secured participation from any major lender.