Three Singapore Local Banks Make First Live Tokenised Deposit Payments Together

Singapore banks 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 [...] The post Three Singapore Local Banks Make First Live Tokenised Deposit