Standard Chartered and HSBC complete first interbank transaction on Swift's blockchain ledger.

Standard Chartered and HSBC have successfully completed the first interbank transaction using Swift's blockchain-based ledger, marking a significant step in cross-border payments. This transaction demonstrated how tokenized deposits can be issued, transferred, and settled securely and efficiently between regulated banks, improving liquidity management and operational efficiency. The blockchain ledger acts as a secure layer for matching and netting obligations before final settlement, highlighting the potential for faster, 24/7 global payments. This milestone paves the way for broader adoption of digital money and interoperable tokenized deposits in banking.