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55CRYPTO

Citi and DBS complete weekend tokenized cross-border payment trial using Swift's digital ledger

⚡ Markets: A positive development for the institutional adoption of blockchain and tokenization in mainstream finance. Signals progress in integrating digital assets with legacy financial infrastructure, but is not an immediate market driver.

Banking giants Citi and DBS successfully conducted a test of a tokenized cross-border deposit transfer between the US and Singapore over a weekend. The trial used Swift's blockchain-based interoperability solution to bypass the time constraints of traditional banking systems.

West MSM: noneFinancial press 31 country
3 sources across the spectrum
Financial pressCointelegraph — Citi, DBS complete first weekend tokenized cross-border deposit on Swift
Financial pressCoinDesk — DBS and Citi complete weekend USD payment via Swift’s Digital Ledger using tokenized deposits
Financial pressThe Block — DBS, Citi say they completed first weekend USD payment between Singapore and US via tokenized deposits
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