MonitoringCryptoOtherFirst tracked 2026-09-12Last changed 2026-09-12
Current outcome
DBS and Citi completed a cross-border dollar payment between Singapore and the US in minutes using tokenized deposits on SWIFT's digital ledger, signaling growing bank adoption of blockchain-based settlement to reduce prefunding costs.
Progress timeline
1 material updates- #01
Wall Street is building tokenized deposits to lock in customer balances
DBS and Citi completed a cross-border dollar payment between Singapore and the US in minutes using tokenized deposits on SWIFT's digital ledger, signaling growing bank adoption of blockchain-based settlement to reduce prefunding costs.
Source evidence: CryptoSlate