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Weekend cross-border USD payment completed in minutes: DBS and Citi execute tokenized deposit transaction via Swift digital ledger
Odaily News – DBS and Citi's New York office completed a USD cross-border payment between Singapore and the United States on September 5, using tokenized deposits on the Swift digital ledger. The transaction was executed over the weekend and took only minutes, while traditional cross-border payments typically take up to two business days.This marks the second time the Swift digital ledger has been confirmed for real-time application, following HSBC and Standard Chartered's completion of the first real-time tokenized deposit cross-border transaction in August. Swift announced on July 9 that the ledger was available for initial use, with 17 banks preparing to participate in the pilot program. DBS is the only Asia-headquartered bank among the 12 core design group members. DBS Group Chief Operating Officer Rachel Chew stated that the Swift digital ledger is bridging traditional banking infrastructure with emerging digital networks. Mridula Iyer, Citi's Head of Services for South Asia, noted that the weekend real-time transaction demonstrates that 24/7 cross-border payments have become a reality. DBS launched DBS Token Services in 2024, offering 24/7 programmable instant value transfer services.
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Stablecoin monthly trading volume reaches $7 trillion, with Solana carrying approximately one-fifth of transactions
Odaily News: Geoff Kendrick, Global Head of Digital Assets at Standard Chartered Bank, stated that the global monthly trading volume of stablecoins has reached approximately $7 trillion, with Solana carrying about one-fifth of stablecoin transactions. The interview also discussed development trends in stablecoin payments and settlements in 2026, as well as how different blockchain networks are forming their respective application positioning. Geoff Kendrick shared progress on enterprise adoption of stablecoins and noted that enterprise-level applications will become a significant driver for the further proliferation of stablecoins.
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Standard Chartered Bank Expands Institutional-Grade Bitcoin and Ethereum Spot Trading to the United Arab Emirates
According to Reuters, Standard Chartered Bank announced on Thursday that it has launched spot trading services for Bitcoin and Ethereum for institutional clients in the UAE, becoming the first global systemically important bank to offer such services in the country. Eligible institutional clients can execute deliverable spot transactions for Bitcoin and Ethereum through its electronic trading channels and trade crypto assets via its foreign exchange interface. This service expands Standard Chartered’s digital asset business in the UAE, following the bank's launch of digital asset custody services locally in September 2024.
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Authorized Distributors for Hong Kong Dollar Stablecoin HKDAP Increase to Five
According to Zhitong Finance, this week, Standard Chartered Bank, Fosun International's Star Road Technology, and Yunfeng Financial's Yunfeng Securities have successively announced that they have become authorized distributors of the Hong Kong dollar stablecoin HKDAP. Along with HashKey and OSL Group, which were among the first batch to be authorized, HKDAP now has a total of five authorized distributors.
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Taurus Integrates with Swift’s Blockchain Ledger, First Clients Going Live Within Days
Odaily News Digital asset infrastructure provider Taurus has connected its tokenization and custody platform to Swift's blockchain-based ledger, allowing clients to use bank-issued tokenized deposits for payments through their existing digital asset infrastructure.Taurus stated that the first client integrations are expected to go live within days, with the first distributed ledger technology transaction facilitated by its platform expected to be completed within weeks.International payment network Swift announced in July that its ledger was ready for initial use, with 17 banks from six continents piloting real-time transactions using tokenized deposits. Standard Chartered and HSBC have completed the first real-time cross-border transaction on the ledger. (Cointelegraph)
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Swiss digital asset infrastructure provider Taurus integrates with Swift's blockchain ledger
Odaily News: Digital asset infrastructure service provider Taurus SA announced that its tokenization and custody platform has completed integration with Swift's blockchain-based distributed ledger, the international bank communication network.Taurus stated that following this integration, clients can connect their existing digital asset infrastructure to Swift's blockchain ledger and conduct payment transactions using bank-issued tokenized deposits. The first batch of client integrations is expected to go live within days, with the first transactions based on this distributed ledger technology (DLT) expected to be completed within weeks.In July 2026, Swift announced that its blockchain ledger was ready for initial use, with 17 banks from six continents planning to pilot cross-border payments based on tokenized deposits through the system. Subsequently, Standard Chartered and HSBC completed the first real-time cross-border transactions supported by the ledger, establishing connectivity between their respective tokenized deposit systems.Swift stated that the blockchain ledger will serve as a coordination layer for cross-border payments, supporting round-the-clock transfers of tokenized deposits held on participating banks' balance sheets, while continuing to complete clearing through existing financial infrastructures such as real-time gross settlement (RTGS) systems during the final settlement phase. (Cointelegraph)
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Standard Chartered becomes the first bank in Hong Kong to offer HKDAP services
Odaily News: Standard Chartered has become the first authorized bank to support the circulation of HKDAP. HKDAP is Hong Kong's first regulated, HKD-backed stablecoin. (Cointelegraph)
Cointelegraph
Standard Chartered Bank: Bitcoin's $100,000 Year-End Price Target May Be Too Low
Kendrick stated that this rally was primarily driven by short liquidation, and with current open interest still at low levels, rising prices may leave room for more investors to re-enter the market.
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Standard Chartered: ETF inflows combined with short liquidations could push Bitcoin toward $126,000
Odaily News - Standard Chartered's global head of digital asset research, Geoffrey Kendrick, stated that the bank's year-end Bitcoin price target of $100,000 may be too conservative. Bitcoin rose to $79,500 on August 21, its highest level since May; he predicts the price could climb from this level to $126,000, a gain of 58%.Kendrick noted that during the rally from August 19 to 21, Bitcoin short liquidations totaled nearly $1.44 billion, the largest on record in Coinglass data since June 2021. U.S. spot Bitcoin ETFs saw net inflows of approximately $1.92 billion over five consecutive trading days.The U.S. Treasury announced on August 19 that it would expand its long-term Treasury buyback program, raising the maximum size of a single operation from $2 billion to at least $4 billion. Standard Chartered lowered its Bitcoin year-end target from $150,000 to $100,000 in February this year, while outlining a long-term trajectory of $500,000 for Bitcoin and $40,000 for Ethereum by 2030. (Bitcoin.com News)
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Standard Chartered: Bitcoin Could Reach $126,000 by Year-End; Previous $100,000 Target Too Conservative
Odaily News: Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, stated that the forecast of Bitcoin reaching $100,000 by the end of the year may be too conservative, and there is a possibility of challenging the previous all-time high of $126,000 before the year ends.On Friday, Kendrick noted that the recent Bitcoin rally has been primarily driven by short liquidations, while inflows into spot Bitcoin ETFs have also begun to recover. Given the currently low open interest levels in the market, more investors could re-enter as prices rise, providing further momentum for the rally."This is the first time this year that I've seen a risk that my year-end target of $100,000 may be too low," Kendrick said.Kendrick believes that Bitcoin's rebound momentum could accelerate further after October 6. Meanwhile, several market observers also believe the bear market may be nearing its end. Cory Klippsten, CEO of Swan Bitcoin, previously stated that Bitcoin could bottom out in October; Markus Thielen, founder of 10x Research, suggested that if the August monthly close stays above $63,000, it could confirm the formation of a bear market bottom. (Cointelegraph)
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Standard Chartered Bank Analyst: US Treasury Expands Long-Term Bond Buyback, BTC May Hit $100,000 by Year-End
According to Cointelegraph, Standard Chartered Bank analyst Geoff Kendrick pointed out in the latest client report that the U.S. Treasury announced the scale of 10- to 30-year Treasury bond buybacks will be at least doubled from $2 billion per operation to $4 billion, with an execution period from September 9 to November 4. This policy drove long-term U.S. Treasury yields down significantly, effectively alleviating selling pressure in the bond market. Kendrick stated that such government liquidity interventions have historically been bullish for Bitcoin, and coupled with its fixed supply attribute, BTC is expected to hit $100,000 before the end of the year. Technically, he views $65,500 as a key support level; once effectively broken above, it can confirm that the bottom of this cycle has appeared.
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Standard Chartered and HSBC Complete First Real-Time Cross-Border Transaction via SWIFT Blockchain Ledger
Odaily News: Standard Chartered and HSBC have completed the first real-time cross-border transaction executed via the Society for Worldwide Interbank Financial Telecommunication (SWIFT) blockchain ledger. The transaction exchanged payment messages through the SWIFT ledger, with the corresponding debts recorded respectively on HSBC's Tokenised Deposit Service and Standard Chartered's tokenised deposit infrastructure.The SWIFT ledger matches and nets off the debts of both parties before final settlement, with the ultimate settlement still completed through existing payment systems. The ledger is designed to connect tokenised deposits issued across different banking infrastructures, supporting round-the-clock cross-border payments while retaining existing settlement, compliance, and risk control mechanisms. (Cointelegraph)
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Standard Chartered and HSBC Complete First Cross-Border Transaction on Swift Blockchain Ledger
Standard Chartered Bank and HSBC completed the first real-time cross-border transaction on the Swift blockchain ledger, demonstrating the interoperability of the two banks' tokenized deposit systems.
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Standard Chartered Bullish on Bitcoin Hitting $100,000 by Year-End: U.S. Treasury Expanding Bond Buybacks Could Be Key Catalyst
Odaily News – Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin (BTC) could rise to $100,000 by the end of 2026 as the U.S. Treasury expands liquidity support for the long-term bond market.In a recent client report, Kendrick noted that Bitcoin's current key technical resistance level is $65,500. If the price breaks through this level, it could signal that the cyclical low for this market cycle has already formed. He suggested investors begin positioning for a Bitcoin rally to $100,000 by year-end. Kendrick stated that beyond the four-year cycle pattern for Bitcoin, which suggests the market may be nearing a bottom, the U.S. Treasury's recent announcement to expand long-term bond buybacks is also a significant catalyst.The U.S. Treasury plans to raise the cap on buyback operations for 10- to 20-year and 20- to 30-year Treasury bonds from $2 billion to at least $4 billion per operation. The expanded program is scheduled to be implemented from September 9 to November 4. Following the announcement, yields on long-term U.S. Treasuries notably declined, easing the pressure that the significant sell-off in the bond market had placed on financial markets.Kendrick believes the Treasury's expanded bond buybacks represent a "favorable environment for Bitcoin," as Bitcoin has previously benefited multiple times from government liquidity interventions, while its fixed supply mechanism gives it properties that hedge against currency debasement. In the market, Bitcoin rose over 6% on Wednesday, briefly approaching $69,000, marking its highest level since early June. Kendrick has previously been repeatedly bullish on Bitcoin's long-term trajectory, arguing that as global fiscal pressures increase and monetary policy trends toward easing, Bitcoin may enter a new long-term upward cycle. (Cointelegraph)
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Standard Chartered Says Bitcoin Could Reach $100,000 by Year-End
渣打银行分析师 Geoff Kendrick 表示，在美国财政部扩大长期债券回购计划背景下，比特币有望在 2026 年底涨至 10 万美元。
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Standard Chartered Geoff Kendrick: 2030 UNI $100 Price Target May Still Be Low
According to Cointelegraph, Standard Chartered Bank's Geoff Kendrick stated that his previous price target for UNI to reach $100 by 2030 may still be too low, as token burns driven by Robinhood Chain have pushed UNI's burn rate to potentially unsustainable highs.
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Robinhood Chain TVL Nears $1 Billion, Uniswap Drives Liquidity
Standard Chartered reports that Robinhood Chain is rapidly accumulating liquidity through Uniswap integration, with TVL approaching $1 billion, while driving UNI token annualized burn to $90 million.
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Robinhood Chain Approaches $1B TVL, with Uniswap Providing Nearly All Liquidity
Odaily News Robinhood's blockchain project, Robinhood Chain, has seen its total value locked (TVL) approach $1 billion. According to Standard Chartered analyst Geoffrey Kendrick, nearly all of its liquidity is provided by Uniswap V2, V3, and V4, making it the fastest-growing blockchain by this metric. Protocol fees generated by Robinhood Chain through Uniswap have now become the largest source of UNI burns. Since the Robinhood-related fee switch was activated on July 27, the annualized UNI burn rate has reached approximately $90 million. At roughly $3.50 per token, this equates to burning 25 million UNI annually, representing slightly more than 4% of the circulating supply. Robinhood Chain launched on July 1, with a focus on bringing real-world assets on-chain, and reached 194,000 daily active users within its first week. The partnership allows Robinhood to directly leverage mature DeFi infrastructure to provide liquidity for blockchain expansion. Robinhood is expanding its business into cryptocurrency, prediction markets, and tokenization. The company reported record second-quarter revenue and earnings, though cryptocurrency trading volumes and related revenue both declined. (Cointelegraph)
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Standard Chartered Bank's Anchorpoint Officially Launches Phase 1 Issuance of HKD Stablecoin HKDAP
According to The Block, Anchorpoint, a subsidiary of Standard Chartered Bank, officially launched the first phase issuance of the HKD stablecoin HKDAP on Wednesday, opening test access to institutional distributors and professional investors. Anchorpoint, established as a joint venture by Standard Chartered Bank, HKT, and Animoca Brands, received a stablecoin issuer license from the Hong Kong Monetary Authority (HKMA) in April this year, becoming one of the first licensed institutions.
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Standard Chartered: RWA Tokenization Could Reach $4 Trillion, LINK May Rise to $200 by End of 2030
Odaily News: Standard Chartered Bank's Head of Global Digital Assets Research, Geoff Kendrick, stated that as the tokenization of Real World Assets (RWA) accelerates, the price of Chainlink (LINK) tokens could rise to $200 by the end of 2030, representing an increase of over 25 times from its current level of approximately $8.In his latest report, Kendrick predicts that the scale of tokenized RWA will reach $4 trillion by the end of 2028. As more traditional assets are brought on-chain, the demand for secure and reliable off-chain data is expected to increase significantly, which could further boost Chainlink's fee revenue and drive up LINK's valuation.The report also projects that by the end of 2030, the scale of tokenized assets and crypto-native assets deployed in decentralized finance (DeFi) will grow approximately 37-fold to reach $2.7 trillion. Kendrick believes these assets require trusted data, cross-network interoperability, privacy-preserving compliance mechanisms, and integration with the existing financial system—infrastructure that Chainlink currently has the capability to provide.Demand for RWA tokenization has continued to grow recently. Data shows that trading volume of tokenized RWAs on decentralized exchanges (DEXs) hit an all-time high of $14.1 billion in July, up 19.5% month-over-month, driven primarily by public market assets such as tokenized stocks.Currently, Chainlink remains one of the largest decentralized oracle service providers in the crypto industry, with a Total Value Secured (TVS) of approximately $34.4 billion—significantly higher than second-ranked Chronicle's $7.36 billion.However, Kendrick also noted that the prediction of LINK reaching $200 still faces risks, including institutional tokenization projects progressing slower than expected, intensified competition from specialized oracle service providers, and potential technical issues. (Cointelegraph)
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