DBS, OCBC, UOB run first live SGD tokenised-deposit transactions on Swift ledger

Reuters2026/09/10 02:06

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DBS entered a collaboration with OCBC, UOB, and Swift to run live domestic SGD interbank transactions using tokenized deposits.
The banks exchanged payment messages on Swift’s blockchain-based ledger, recording matched obligations as tokenized deposit liabilities on their own infrastructure.
Swift’s ledger netted obligations before final settlement through existing systems, supporting always-on interbank payments beyond traditional processing windows.
The milestone marks the first live interbank SGD transactions using tokenized deposits among Singapore’s three local banks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DBS Group Holdings Ltd. published the original content used to generate this news brief on September 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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DBS, OCBC, UOB run first live SGD tokenised-deposit transactions on Swift ledger

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