DBS, Citi partner on tokenized deposits for 24/7 cross-border USD payments via Swift Digital Ledger - C News | RalliesDBS, Citi partner on tokenized deposits for 24/7 cross-border USD payments via Swift Digital Ledger
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C• DBS and Citi launch tokenized deposit payments
- DBS partnered with Citi to enable instant, 24/7 cross-border USD payments using tokenized deposits on the Swift Digital Ledger.
- A first live USD payment between Singapore and the US cleared over a weekend on Sept. 5, 2026, taking minutes.
- The capability targets faster liquidity movement versus the industry norm of up to two business days for cross-border payments.
- The project supports treasury, liquidity, and FX risk management as demand for Asia outbound cross-border payments grows.
- The initiative builds on DBS Token Services, launched in 2024, to provide 24/7 programmable value transfers for corporates.
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