Standard Chartered and HSBC have completed the first interbank transaction executed on Swift’s blockchain-based ledger.
- Standard Chartered and HSBC successfully completed the first interbank transaction using Swift's blockchain-based ledger, marking a significant step in tokenized deposit usage.
- The transaction demonstrated the interoperability of tokenized deposits for cross-border payments, enabling faster settlement and improved liquidity management for corporate clients.
- This milestone highlights the integration of traditional finance with blockchain technology, with Swift's ledger acting as an orchestration layer for secure and efficient transactions.
Topics: Banks bankingsystems, Payment system integration, Blockchain usage, 28 1 custody asset servicing, 15 3 cross border settlement, 6 4 private enterprise ledgers
Tags: #swift #tokenizeddeposits #hsbc #standardchartered #interbanktransaction #blockchain #crossborderpayments #digitalassets #liquiditymanagement #settlement
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