Citi and DBS complete weekend cross-border USD payments using tokenized deposits on Swift’s blockchain ledger
Citi and DBS completed cross-border U.S. dollar payments using tokenized deposits on Swift’s blockchain ledger over the weekend, with reporting stating the transfers were completed within minutes and supported payments between Singapore and New York [1] [2].
Multiple outlets characterized the weekend transfer as the first live weekend use (or first weekend cross-border use) of Swift’s blockchain ledger for tokenized deposits, and CoinDesk described it as the second confirmed live use of Swift’s blockchain ledger [3] [2].
Reporting also said the initiative used Swift’s blockchain-based ledger to bypass constraints associated with traditional banking hours and was described as enabling 24/7 cross-border settlement for participating institutions [3] [4].
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- 1Citi, DBS test instant U.S.-Singapore paymentscrypto.news• Sep 7, 2026
- 3Citi, DBS complete first weekend tokenized cross-border deposit on SwiftCointelegraph• Sep 7, 2026
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