Citi and DBS Complete First Weekend Cross-Border Tokenized Deposit Transaction
Source：
cointelegraph.com
According to Cointelegraph, Citibank and DBS Bank completed the first weekend cross-border tokenized deposit transaction between Singapore and the United States on Saturday. The transaction was executed via the SWIFT Digital Ledger, leveraging tokenized deposits to bypass traditional banking hour restrictions and settle within minutes. DBS Bank stated that, compared to the processing time of traditional cross-border transfers which can take up to two business days, this transaction significantly improved efficiency.
