DBS and Citi finalize weekend USD transfer through SWIFT’s Digital Ledger employing tokenized deposits
In a noteworthy development for the global banking community, two major financial institutions—DBS Bank of Singapore and Citigroup—successfully completed a United States dollar payment over the weekend using the SWIFT Digital Ledger (SDL). This transaction, which relied on tokenized deposits as the underlying settlement mechanism, represents the second confirmed live use of SWIFT’s blockchain‑sty…
Sept. 7, 2026, 12:05 p.m.