DBS and Citi complete weekend USD payment via Swift's blockchain ledger

DBS $DBS and Citigroup $C successfully completed a tokenized cross-border USD payment transaction over the weekend using Swift's blockchain-based Digital Ledger, circumventing traditional banking hours constraints. This marks the second confirmed live use of Swift's blockchain infrastructure in production.

The transaction demonstrates growing adoption of blockchain settlement layers by major global banks, positioning Swift to compete with alternative digital payment rails operating 24/7. The development signals a shift toward around-the-clock settlement capabilities for institutional transactions. #blockchain #marche #derives