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Citi and DBS complete tokenized cross-border deposit transfer via Swift

Reported · Written up by our desk · Market Structure

Citi and DBS have completed their first tokenized cross-border transfer over the weekend, according to Cointelegraph.

The firms used Swift’s blockchain-based ledger to move the transaction, aiming to bypass limitations tied to traditional banking hours.

Cointelegraph reports the setup is designed to support cross-border settlement through tokenization rather than waiting for standard operating windows.

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