DBS, Citi partner on tokenized deposits for 24/7 cross-border USD payments via Swift Digital Ledger

Reuters2026/09/07 07:06

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DBS partnered with Citi to enable instant, 24/7 cross-border USD payments using tokenized deposits on the Swift Digital Ledger.
A first live USD payment between Singapore and the US cleared over a weekend on Sept. 5, 2026, taking minutes.
The capability targets faster liquidity movement versus the industry norm of up to two business days for cross-border payments.
The project supports treasury, liquidity, and FX risk management as demand for Asia outbound cross-border payments grows.
The initiative builds on DBS Token Services, launched in 2024, to provide 24/7 programmable value transfers for corporates.

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 07, 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, Citi partner on tokenized deposits for 24/7 cross-border USD payments via Swift Digital Ledger

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