DBS and Citi Enable 24/7 USD Payments With Tokenized Deposits, Cutting Settlement to Minutes

1 month ago 7

Rommie Analytics

Key Takeaways:

DBS and Citi successfully processed a live cross-border USD payment via tokenized deposits over the weekend.
The transaction closed in minutes, on Swift’s Digital Ledger, rather than the previous processing time of two business days.
The milestone highlights tokenized bank money’s progress in moving into the real-world institutional payment flows.

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