Citi is using Swift’s blockchain-based ledger to process live cross-border transactions with First Abu Dhabi Bank and OCBC as part of a pilot running through December 2026
- Citi has successfully conducted live cross-border payment pilots using Swift's blockchain-based ledger, involving banks like First Abu Dhabi Bank and OCBC.
- The initiative aims to leverage shared blockchain infrastructure for 24/7, multi-currency, and multi-bank transactions, integrating with existing services like Citi Token Services.
- This pilot explores tokenized deposits and securities to enhance global payment and settlement efficiency, fostering interoperability between traditional and digital financial networks.
Topics: Payment system integration, Banks bankingsystems, Blockchain usage, Crossborder transactions, Wholesale cbdc settlement, Ethereum evm l 1 s
Tags: #citi #swift #ledger #crossbordertransactions #pilot #blockchain #tokenizeddeposits #digitalassets #fab #ocbc
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