Singapore’s Three Local Banks Make First Live Tokenised Deposit Payments Together

DBS, OCBC and UOB have conducted live SGD interbank transactions together using tokenised deposits for the first time. The domestic Singapore dollar transactions were completed through Swift’s blockchain-based ledger, which coordinated payment messages across the banks’ separate tokenised deposit systems. The resulting obligations were recorded on each bank’s tokenised deposit infrastructure before being matched and [...] The post Singapore’s Three Local Banks Make First Live Tokenised Deposit Payments Together appeared first on Fintech Singapore .