PANews|Sep 15, 2026 11:14
[DBS, OCBC, and UOB Complete Singapore's First Local Tokenized Deposit Payment]
According to Ledger Insights, DBS Bank, OCBC Bank, and UOB have completed Singapore dollar local tokenized deposit payments on Swift's blockchain ledger, marking the first interbank tokenized deposit transaction among the three institutions. Previously, the three banks had completed cross-border transactions on the Swift Ledger. Currently, most tokenized deposit platforms operate within single banking systems, with payments limited to intra-bank customers. Local interoperability means corporate clients can now complete tokenized payments across institutions.
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