DBS and Citi Complete Weekend USD Payment on Swift Digital Ledger

DBS and Citi have completed a weekend U.S. dollar payment through Swift’s Digital Ledger, using tokenized deposits, according to CoinDesk. The transaction marks the second confirmed live use of Swift’s blockchain-based ledger. The test comes as Swift works to demonstrate that its payment infrastructure can compete with digital payment networks that operate continuously, including outside traditional banking hours. The transaction highlights Swift’s ongoing push to apply blockchain technology to cross-border payment processing while maintaining support for dollar-denominated transfers. No further transaction details were provided in the source material.