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Citi and DBS complete first Singapore-US weekend dollar payment using tokenized deposits.

Market News
07 Sep 2026
PYMNTS
View Source
Bullish
Citi and DBS complete first Singapore-US weekend dollar payment using tokenized deposits.

Citi and DBS successfully executed the first Singapore-to-U.S. dollar cross-border payment on a weekend using tokenized deposits via the Swift Digital Ledger. This transaction, completed in minutes, significantly reduces the typical two-day wait for cross-border payments, enabling companies to transact outside regular banking hours. The innovation benefits industries like eCommerce and digital services by providing faster cash access and greater liquidity management flexibility. This development aligns with growing adoption of blockchain technology in finance and meets rising demand for cross-border transactions in Asia, projected to reach $24 trillion by 2033.

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