DBS Citi Tokenized USD Payment Test via Swift
DBS and Citi executed a weekend tokenized USD payment confirming bank deposits can settle outside core hours on Swift rails.
DBS and Citi completed a weekend USD payment using tokenized deposits.
Tokenized deposits remain bank-issued money and settled through Swift rails outside standard banking hours.
The test confirms that bank-issued deposits can move 24/7 on existing payment infrastructure.
Test scale, volume, and duration were not disclosed.
No timeline for production rollout or broader adoption has been provided.