Citi and DBS Complete First Cross-Border Tokenized Deposit Transfer Over Weekend via Swift

cryptonews.ruPubblicato 2026-09-07Pubblicato ultima volta 2026-09-07

Introduzione

Citi and DBS have completed the first cross-border payment using tokenized deposits between the US and Singapore over a weekend, utilizing the Swift blockchain ledger to bypass traditional banking hour limitations. The transaction, settled in minutes, represents a significant improvement over the standard of up to two days for traditional cross-border transfers. This demonstrates traditional banks' exploration of blockchain infrastructure to enhance efficiency while retaining deposits within their channels. Swift has declared its ledger ready for initial use, with plans for a pilot project involving 17 major global banks. In related initiatives, Citi is part of a US group planning a separate tokenized deposit network by 2027, and DBS and JPMorgan are collaborating on a blockchain platform to enable interbank tokenized deposit transfers, aiming to establish an industry standard.

Singapore financial group DBS and American financial giant Citi on Saturday completed the first cross-border payment using a tokenized deposit between Singapore and the U.S. over a weekend.

The companies executed the transaction using tokenized deposits via the Swift digital ledger to circumvent the limitations of traditional banking hours, DBS said on Monday.

The deposit was settled in minutes, which DBS called a "significant improvement" compared to the industry norm of up to two business days for traditional cross-border transfers.

The transaction shows how traditional banks are exploring blockchain infrastructure to enhance the efficiency of cross-border operations, while also aiming to keep deposits within banking channels. Standard Chartered and HSBC were the first to complete a cross-border tokenized deposit transaction in August via the Swift blockchain ledger.

In July, Swift, the world's largest financial messaging network, stated that its blockchain ledger was ready for initial use and that it was preparing to pilot cross-border payments using tokenized deposits involving 17 major banks, including Citi and DBS, as well as HSBC, BNP Paribas, UBS, ANZ, and Standard Chartered.

Citi is also part of a group of major U.S. banks planning to launch a separate tokenized deposit network in the first half of 2027. The bank-owned network will be operated by The Clearing House. This was reported in June by David Watson, CEO of the payment operator, to The Wall Street Journal.

In November 2025, DBS and JPMorgan disclosed plans to develop a tokenization blockchain platform that will enable on-chain transfers between the banks' tokenized deposit ecosystems; the goal is to establish an industry standard for interbank payments.

Related: VARA and Securitize Sign MoU to Boost Tokenization in Dubai

end-content

Crypto di tendenza

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

Domande pertinenti

QWhat significant milestone did Citi and DBS achieve, and how did they accomplish it?

ACiti and DBS completed the first cross-border payment using tokenized deposits over a weekend between Singapore and the U.S. They conducted the transaction using Swift's blockchain-based digital ledger to bypass traditional banking hour limitations.

QHow did the processing time for this tokenized deposit transfer compare to traditional cross-border transfers?

AThe deposit was settled in minutes, which DBS described as a 'significant improvement' compared to the industry norm of up to two business days for traditional cross-border transfers.

QWhich other financial institutions pioneered a similar transaction through Swift's blockchain, and what does this trend indicate about traditional banks?

AStandard Chartered and HSBC were the first to complete a cross-border tokenized deposit transaction in August via Swift's blockchain ledger. This trend demonstrates how traditional banks are exploring blockchain infrastructure to improve the efficiency of cross-border operations while aiming to keep deposits within banking channels.

QAccording to the article, what are Citi and a group of major US banks planning to launch by the first half of 2027?

ACiti is part of a group of major U.S. banks planning to launch a separate network for tokenized deposits by the first half of 2027. The bank-owned network will be operated by The Clearing House.

QWhat collaboration did DBS and JPMorgan announce in November 2025, and what is its goal?

AIn November 2025, DBS and JPMorgan revealed plans to develop a tokenization blockchain platform. This platform would enable on-chain transfers between the banks' tokenized deposit ecosystems, with the goal of forming an industry standard for interbank payments.

Letture associate

ICP Cloud Engine Heats Up: "20% of Revenue Used for Burn", How Far is it From Token Revaluation?

The ICP community is discussing Cloud Engines, a product enabling enterprises to run private subnets on the Internet Computer. It is linked to the "Mission 70" deflationary plan, where node providers allocate 20% of Cloud Engines revenue to buy and burn ICP tokens, aiming to reduce ICP's inflation rate from 9.72% to 2.92%. This narrative connects enterprise adoption to token scarcity and potential price appreciation for ICP, which is down 99.6% from its peak. Cloud Engines functions as a "custom data center," offering businesses dedicated, sovereign infrastructure without vendor lock-in, using the same underlying protocol as the public ICP network. Key selling points include data sovereignty and hardware choice. However, critical features like SEV-encrypted nodes (for enhanced security) and operator-controlled upgrades are still on the roadmap, not yet live. Early adopters include Pakistan's national cloud engine and a UNDP pilot. The "Mission 70" goal relies on two pillars: supply-side reductions (like cutting node rewards) and demand-side increases in token burns from Cloud Engines revenue. While supply-side changes can be enacted via governance, the demand-side depends entirely on market adoption. Current daily burn rates are far below the levels needed to achieve the 26% deflation target attributed to increased burns. Analysts remain cautious, viewing the 20% burn mechanism as a forward-looking narrative. The product is in early access, and significant, scalable enterprise adoption is unproven. Near-term price catalysts are more likely to come from implementable supply-side governance proposals. The Cloud Engines story represents a longer-term bet on ICP capturing a segment of the enterprise cloud market, with token revaluation contingent on the product generating substantial, quantifiable burn data.

marsbit2 min fa

ICP Cloud Engine Heats Up: "20% of Revenue Used for Burn", How Far is it From Token Revaluation?

marsbit2 min fa

Bank of America's Hartnett: Interest Rate Hikes Become the Biggest Positive, Bond-Ending Bubble Logic Is Spreading

In a recent note, Bank of America strategist Michael Hartnett argues that aggressive central bank tightening, including a potential Fed hike in October, could paradoxically be the most bullish near-term catalyst for risk assets. His core thesis is "the bond bubble is bursting." While stocks remain resilient due to strong US data, solid earnings expectations, and robust AI-related capital expenditure plans, bonds are already showing severe stress, with government bonds down 4.4% year-to-date. The logic is that a proactive Fed hike could help anchor runaway long-end yields (the 10-year recently touched 5.36%), preventing a disorderly surge toward 6%. Without such action, the pressure from rising term premiums could continue unabated. The damage from higher rates is already visible in the most rate-sensitive areas: South Korean retail brokers, French government bonds (with the France-Germany spread hitting 140 bps, reminiscent of the 2012 crisis), and CCC-rated credit. Hartnett highlights that the $8 trillion in money market funds is unlikely to flow into equities without a clear shift to monetary easing. Furthermore, the upcoming US midterm elections pose a key risk; a Democratic sweep (currently a 64% probability) could trigger a >10% equity sell-off due to fears of higher taxes and regulation. Near-term strategy involves positioning for a peak in yields (e.g., long 30-year Treasuries) and risk contraction ahead of the elections, while maintaining exposure to commodities and EM assets. Key levels to watch include 10-year yields at 6%, the France-Germany spread at 150 bps, and a Bull & Bear Indicator below 8 for a potential risk rebound.

marsbit6 min fa

Bank of America's Hartnett: Interest Rate Hikes Become the Biggest Positive, Bond-Ending Bubble Logic Is Spreading

marsbit6 min fa

ETF Watch: ETH Outflows for Nine Consecutive Days, SOL Ends Fourteen-Week Inflow Streak, Combined Weekly Outflows from Three Major Spot ETFs Total Approximately $1.25 Billion

U.S. spot cryptocurrency ETFs saw significant outflows last week. According to The Block citing SoSoValue data, spot Ethereum (ETH) ETFs experienced net outflows of $542.1 million, marking their worst week since January and continuing a nine-day streak of withdrawals. Spot Solana (SOL) ETFs ended a record 14-week inflow streak with a weekly net outflow of $24.8 million. Combined with Bitcoin (BTC) ETF redemptions, the three major categories saw approximately $1.25 billion in total outflows for the week. BlackRock's iShares Ethereum Trust (ETHA) led the Ethereum outflows, accounting for $477 million or roughly 88% of the category's total. The largest Solana ETF, Bitwise's BSOL, saw its largest weekly outflow on record at $20.9 million. Bitcoin ETFs saw net outflows of $681.1 million, ending a three-week inflow streak. This shift indicates a broad cooling of investor sentiment through the ETF channel, moving from a pattern of "BTC inflows and SOL gains" to simultaneous withdrawals across major digital asset funds.

marsbit6 min fa

ETF Watch: ETH Outflows for Nine Consecutive Days, SOL Ends Fourteen-Week Inflow Streak, Combined Weekly Outflows from Three Major Spot ETFs Total Approximately $1.25 Billion

marsbit6 min fa

Silicon Valley AI Status: Whoever Has the Compute is the Boss

The Silicon Valley AI Power Crunch: Compute is King Silicon Valley's race for AI dominance has devolved into a desperate scramble for computing power. The situation has become so extreme that even top executives are resorting to unusual measures. Anthropic's CEO Dario Amodei was reportedly turned down by Meta's Mark Zuckerberg when seeking additional GPU resources, leading to a deal where SpaceX acts as a broker, reselling Nvidia GPUs to Anthropic. This venture reportedly generated $2.561 billion in quarterly AI revenue for SpaceX. The shortage is reshaping the industry's dynamics, creating a new "compute economy" where GPU access is the ultimate currency. This scarcity is causing internal strife at major firms and altering competitive landscapes. A high-profile example is Noam Shazeer, a key AI scientist whom Google re-hired for $2.7 billion, only for him to leave for OpenAI reportedly due to insufficient compute resources for his team. Similar frustrations over resource allocation have been cited within Google and DeepMind. For AI startups, the challenge is existential. Cloud providers are now demanding multi-year contracts with large upfront payments, making flexible, on-demand access nearly impossible. This has spurred innovative workarounds, including a new market for "global compute prospecting"—companies scavenging for underutilized server capacity worldwide—and venture capital firms like Y Combinator and Radical Ventures directly acquiring and allocating GPU clusters for their portfolio companies. The root causes are complex: explosive growth in AI model complexity and the shift from simple chatbots to persistent "Agent" systems dramatically increase compute demands. While tech giants are building new data centers, supply cannot keep pace with immediate needs. Rental prices for critical chips like the Nvidia H100 have surged nearly 40% in months. The consequence is a consolidation of power. Compute access is becoming the definitive barrier to entry, significantly strengthening large companies with their own infrastructure and creating a lucrative "picks and shovels" market for those who control the hardware supply. In today's Silicon Valley, compute isn't just a resource—it's the foundation of survival and competitive advantage.

marsbit32 min fa

Silicon Valley AI Status: Whoever Has the Compute is the Boss

marsbit32 min fa

Even Losing Money Requires Waiting in Line, How Far Can PaperTrade's 1000x Leverage Experiment Go?

PaperTrade, a synthetic perpetual contract platform built on HyperEVM, launched on October 10th. Its defining feature is offering up to 1000x leverage and rewarding users with its native token, PAPER, for trading losses or liquidations—a mechanism dubbed "losing money to mine." This sparked initial frenzy, with users queuing to execute trades and generate losses for PAPER rewards. Within 24 hours, nominal trading volume exceeded $678 billion. The platform operates without traditional order books; users trade directly against a shared USDC liquidity pool. Profits are paid from this pool, but if insufficient funds exist, payments queue on a first-in, first-out basis. PAPER has zero initial supply, minted solely from qualifying user losses, and can be staked for a share of protocol revenue. However, controversies emerged quickly. Smaller orders faced longer execution queues compared to larger ones. More critically, PaperTrade's reliance on Hyperliquid's mid-price for asset pricing made it vulnerable to market manipulation. Reports indicated that actors potentially moved prices on Hyperliquid to profit from large, highly leveraged positions on PaperTrade. The team acknowledged this as a known risk, exacerbated by high initial position limits, and has since tightened limits to reduce the attack surface. After the initial surge, open interest and margin deposited have significantly declined. The platform's long-term viability hinges on whether the value and revenue share from PAPER can justify the initial "loss-mining" strategy for users, moving beyond speculative hype to sustainable returns.

marsbit1 h fa

Even Losing Money Requires Waiting in Line, How Far Can PaperTrade's 1000x Leverage Experiment Go?

marsbit1 h fa

Trading

Spot

Articoli Popolari

Come comprare COMP

Benvenuto in HTX.com! Abbiamo reso l'acquisto di Compound (COMP) semplice e conveniente. Segui la nostra guida passo passo per intraprendere il tuo viaggio nel mondo delle criptovalute.Step 1: Crea il tuo Account HTXUsa la tua email o numero di telefono per registrarti il tuo account gratuito su HTX. Vivi un'esperienza facile e sblocca tutte le funzionalità,Crea il mio accountStep 2: Vai in Acquista crypto e seleziona il tuo metodo di pagamentoCarta di credito/debito: utilizza la tua Visa o Mastercard per acquistare immediatamente CompoundCOMP.Bilancio: Usa i fondi dal bilancio del tuo account HTX per fare trading senza problemi.Terze parti: abbiamo aggiunto metodi di pagamento molto utilizzati come Google Pay e Apple Pay per maggiore comodità.P2P: Fai trading direttamente con altri utenti HTX.Over-the-Counter (OTC): Offriamo servizi su misura e tassi di cambio competitivi per i trader.Step 3: Conserva Compound (COMP)Dopo aver acquistato Compound (COMP), conserva nel tuo account HTX. In alternativa, puoi inviare tramite trasferimento blockchain o scambiare per altre criptovalute.Step 4: Scambia Compound (COMP)Scambia facilmente Compound (COMP) nel mercato spot di HTX. Accedi al tuo account, seleziona la tua coppia di trading, esegui le tue operazioni e monitora in tempo reale. Offriamo un'esperienza user-friendly sia per chi ha appena iniziato che per i trader più esperti.

711 Totale visualizzazioniPubblicato il 2024.12.13Aggiornato il 2026.06.02

Discussioni

Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di COMP COMP sono presentate come di seguito.