DBS and Citi Finalize Weekend USD Transfer Through Swift’s Digital Ledger Leveraging Tokenized Deposits
In a notable development for the global financial infrastructure, two of Asia’s most prominent banking institutions, DBS Bank and Citibank, have successfully completed a United States dollar (USD) payment over the weekend using Swift’s Digital Ledger (SDL). This transaction, which employed tokenized deposits as the underlying settlement mechanism, represents the second confirmed live use of Swift…
Sept. 7, 2026, 12:05 p.m.