Thursday, July 9
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Topic: tokenized-deposits

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New Crypto
Thursday, 7/9, 10:37 AM

Swift Launches a Blockchain Ledger to Test Tokenized Deposits With 17 Big Banks

  • Swift, the messaging network that ties together more than 11,000 banks worldwide, is putting a blockchain-based shared ledger into a pilot with 17 major banks, including Citi, HSBC and UBS.
  • The goal is round-the-clock cross-border settlement using 'tokenized deposits', a sign the incumbents of global finance are moving onto the same rails as crypto rather than ceding ground to it.

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