Citi and DBS Complete First Weekend Tokenized Cross-Border Deposit on Swift

Citi and DBS have completed their first tokenized cross-border transfer during a weekend, according to Cointelegraph. The transaction used Swift’s blockchain-based ledger, allowing the banks to process the transfer outside the operating window of traditional banking services. The initiative highlights the use of tokenized deposits and distributed-ledger infrastructure for cross-border banking activity when standard banking hours are unavailable. No further details about the transaction’s value, currencies or specific timing were provided in the source material. The completion marks a cross-border use of Swift’s blockchain-based ledger by the two financial institutions and demonstrates how the system can support transfers beyond conventional banking schedules.