UOB, DBS and OCBC execute live SGD tokenized-deposit transactions on Swift ledger
Reuters2026/09/11 08:31- UOB joined DBS, OCBC, Swift to complete live domestic SGD interbank transactions using tokenized deposits on Swift’s blockchain-based ledger.
- Milestone marks the first live interbank tokenized-deposit transactions involving Singapore’s three local banks, targeting always-on domestic payments.
- Swift’s ledger matched, netted payment obligations between banks before final settlement through existing systems, extending transactions beyond traditional processing windows.
- UOB cited expansion from Hong Kong dollar to SGD, US dollar live transactions beyond banking hours, positioning for faster cross-market, cross-currency fund movement.
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