Citi processed live native-ledger transactions with FAB and OCBC, extending Swift's tokenized-deposit payment pilot into two additional regions.
- Citi has successfully completed live tokenized-deposit transactions on Swift's blockchain ledger with First Abu Dhabi Bank (FAB) and OCBC, marking a significant step in cross-border payment innovation.
- This expansion of Swift's pilot program into the Middle East and Southeast Asia involves regulated banks and integrates with existing clearing and token services, demonstrating growing institutional adoption.
- While the pilot is controlled and runs until December 2026, the successful transactions highlight the potential for continuous, regulated cross-border payments, though commercial rollout details remain undisclosed.
Topics: Jurisdictions, Infrastructure providers, Payment system integration, Cross jurisdictional policy, Major financial incumbents, Cross border settlement
Tags: #citi #swift #tokenizeddeposits #blockchainledger #fab #ocbc #crossborderpayments #pilotprogram #digitalmoney
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