CryptoCointelegraphabout 2 hours ago
StanChart, HSBC complete first Swift ledger transaction
1 min read
Standard Chartered and HSBC completed the first live cross-border transaction on Swift's blockchain-based ledger, connecting their tokenized deposit systems. Swift's ledger matched and netted obligations before settlement through existing payment systems. The pilot includes 17 banks across six continents, including Citi, BNP Paribas, BNY, Wells Fargo, UBS, MUFG, DBS, and ANZ.
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