Using Swift’s ledger, the initiative aimed to demonstrate how shared-ledger technology can support round-the-clock interbank payments past TradFi processing windows
The transaction was conducted by DBS and Citi’s New York office on 5 September 2026, using tokenised deposits via the Swift Digital Ledger, and executed over a weekend
The firm says the live transactions completed on Swift’s blockchain-based ledger mark a significant milestone in its joint initiative to redefine always-on global payments
The adoption seeks to give regulators, institutions, and market participants more timely visibility into the Frontier Stable Token’s backing and remove blind spots between periods of reporting
According to BCP Technologies, the purchase marks the first time a digital bond has been bought and settled using Tokenised GBP — a blockchain-native representation of pound sterling
The agreement intends to establish a framework for collaboration across tokenisation, digital assets, digital cash capabilities, and other technologies, including tokenised deposits and regulated settlement assets
By integrating Circle’s US dollar-pegged stablecoin, Zand aims to support payments, settlement, treasury operations, trading, cross-border transactions, and other use cases
Despite FRNT’s initial deployment through LayerZero’s omnichain fungible token standard, the commission has phased out the implementation following its security review
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