**[DBS and Citi Complete Weekend USD Cross-Border Payment via Swift Digital Ledger]** According to a report by Jinse Finance, on September 9, DBS and Citi's New York office completed a USD cross-border payment between Singapore and the United States on September 5 using tokenized deposits via the Swift Digital Ledger. The transaction was executed over the weekend and took only a few minutes, whereas traditional cross-border payments typically require up to two business days. This eliminates time lost due to time zone differences and weekend delays. This marks the second confirmed real-time application of the ledger, following HSBC and Standard Chartered's completion of the first real-time tokenized deposit cross-border transaction in August. Swift announced on July 9 that the ledger is available for initial use, with 17 banks prepared for pilot testing. DBS is the only bank headquartered in Asia among the 12 core design group members. Rachel Chew, Chief Operating Officer of DBS Group, stated that the Swift Digital Ledger is bridging traditional banking infrastructure with emerging digital networks to drive the transition of tokenized currencies from experimentation to practical application. Mridula Iyer, Citi's Head of South Asia Service, remarked that the real-time weekend transaction demonstrates that 24/7 cross-border payments have become a reality. DBS plans to launch DBS Token Services in 2024, offering 24/7 programmable instant value transfer services.