4 weeks ago
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The project went from announcement to activation in nine months. The first use case is deliberately unglamorous: no open crypto trading, no stablecoin speculation, just moving bank money between institutions around the clock. That restraint is exactly what makes it significant.
Key Takeaways
- 17 banks including Citi, HSBC, UBS, and Wells Fargo pilot live transactions.
- Swift designed and shipped the ledger in nine months with 40+ institutions.
- Swift’s rails move the equivalent of world GDP every two to three days.
- Global crypto ownership reached 741 million people, up 12.4% in a year.
What a Tokenised Deposit Actually Is
A tokenised deposit is a regular bank deposit represented as a digital token on a blockchain. The money never leaves the regulated banking system. Your euros or dollars stay on the bank’s balance sheet with all the usual protections, but the claim on that money becomes a token that can move between institutions instantly, at any hour, and be programmed with conditions. Think of it as giving old bank money a new, faster ...
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