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12 clusters · 48 sources · 62 days · First seen 3 months ago · Last updated 27 days ago

Tokenised cross-border payment pilot developments

Overview

Financial institutions and international organizations continue to pilot tokenised cross-border payments and interbank interoperability. Following Project Agorá in July 2026 and subsequent live transactions by HSBC, Standard Chartered, and Citi, the focus has shifted toward integrating blockchain ledgers with existing banking infrastructure. IBM has announced major upgrades to its digital banking infrastructure to assist financial institutions, governments, and regulated entities in managing digital assets with enterprise-grade security. Through its IBM Digital Asset Haven platform, IBM now supports beta access to Swift’s blockchain-based shared ledger. This integration features an ISO-20022 Messaging Adapter, allowing institutions to execute tokenised deposit transactions using standard messaging formats rather than entirely new blockchain workflows, facilitating 24/7 asset movement while maintaining existing compliance processes. To support Tier 1 banks and those requiring high performance and hardware-level security, IBM is launching a beta version of IBM Digital Asset Haven for on-premises deployment. Utilizing IBM Z and LinuxONE infrastructure, this option allows organizations to manage stablecoins and tokenised deposits within their own data centers, removing reliance on public cloud environments and using IBM Crypto Express HSM to protect cryptographic keys. Swift’s ledger, built on a Consensys prototype compatible with the Ethereum Virtual Machine, is currently being piloted by 17 major financial institutions, including BNP Paribas, Citi, HSBC, Standard Chartered, UBS, and Wells Fargo. Further infrastructure expansions are underway to link traditional banking systems with the Swift ledger. Oracle has enhanced its ‘Digital Assets Data Nexus’ to allow banks to synchronize transaction statuses for tokenised deposits, stablecoins, and central bank digital currencies (CBDCs) with the Swift ledger, while maintaining final settlement through existing real-time gross settlement (RTGS) systems. Concurrently, Chainlink is developing an integration solution using the ‘Chainlink Runtime Environment’ to connect legacy systems and key-signing infrastructure directly to the Swift network.

Entities

SWIFT · HSBC · DBS Bank · Standard Chartered · Citigroup

Claims

What the coverage asserts, and how many sources carry each claim.

[● 6 SOURCES] Seventeen banks across six continents are preparing for live pilot transactions using tokenized deposits on the shared ledger.
[● 5 SOURCES] IBM has added a beta connection between its Digital Asset Haven platform and Swift’s blockchain-based shared ledger.
[● 4 SOURCES] The integration uses an ISO 20022 messaging adapter to allow banks to instruct tokenized deposit transactions using existing standards.
[● 4 SOURCES] IBM introduced an on-premises version of Digital Asset Haven for deployment on IBM Z and LinuxONE infrastructure.
[○ 1 SOURCE] ACI Worldwide is adding intelligent routing for Swift ledger transactions to its ACI Connetic payments hub.

Timeline

27 days ago

[BUSINESS] 2 sources
Citi expands tokenized deposit network to Japan and UAE
Citi has expanded its Citi Token Services to Japan and the UAE, enabling 24/7 programmable liquidity via blockchain across seven global markets.
28 days ago

[BUSINESS] 2 sources
IBM upgrades digital banking infrastructure with Swift integration
IBM has introduced beta features for its Digital Asset Haven platform, including integration with Swift’s blockchain-based shared ledger and a new on-premises deployment option for enhanced control.
28 days ago

[BUSINESS] 3 sources
Oracle and Chainlink expand infrastructure to link bank deposits with SWIFT ledger
Oracle and Chainlink are providing infrastructure to link traditional bank tokenized deposits with SWIFT’s blockchain-based shared ledger for real-time, 24/7 cross-border payments.
about 1 month ago

[TECHNOLOGY] 13 sources
IBM and Swift integrate blockchain ledger for tokenized deposits
IBM has integrated its Digital Asset Haven platform with Swift’s blockchain ledger, allowing 17 pilot banks to transact tokenized deposits 24/7 using existing ISO 20022 messaging standards.
about 1 month ago

[BUSINESS] 2 sources
DBS and Citi test 24/7 cross-border payments via Swift Digital Ledger
DBS, Citi, and other major banks are testing tokenized deposits on the Swift Digital Ledger to enable 24/7 domestic and cross-border payments, though experts warn of potential liquidity and settlement risks.
about 2 months ago

[BUSINESS] 9 sources
Citigroup to launch blockchain tokenized deposit service in Japan
Citigroup will launch blockchain-based tokenized deposit services in Japan by late 2026, enabling Japanese firms to conduct instant, 24/7 cross-border foreign currency transfers.
about 2 months ago

[BUSINESS] 8 sources
DBS and Citi complete first weekend cross-border USD payment via Swift ledger
DBS and Citi completed the first weekend cross-border USD payment between Singapore and the US using tokenized deposits on Swift’s Digital Ledger, reducing settlement time from days to minutes.
about 2 months ago

[BUSINESS] 6 sources
Citi processes live transactions on Swift’s blockchain ledger
Citi has become the first U.S. bank to process live transactions on Swift’s blockchain-based ledger, partnering with FAB and OCBC to enable real-time, 24/7 cross-border payments.
2 months ago

[BUSINESS] 3 sources
Taurus integrates with Swift blockchain ledger for tokenized payments
Taurus has connected its digital asset platforms to Swift’s blockchain ledger, enabling banks to use tokenized deposits for continuous cross-border payments.
2 months ago

[BUSINESS] 4 sources
SWIFT completes first live blockchain payment with HSBC and Standard Chartered
HSBC and Standard Chartered have completed the first live cross-border tokenized deposit settlement via SWIFT’s blockchain infrastructure, enabling real-time, 24/7 programmable payments.
2 months ago

[BUSINESS] 8 sources
HSBC and Standard Chartered complete first Swift blockchain ledger transaction
HSBC and Standard Chartered have executed the first live cross-border transaction using tokenised deposits on Swift’s blockchain-based ledger, demonstrating interbank interoperability.
3 months ago

[TECHNOLOGY] 6 sources
BIS Project Agorá demonstrates real‑value tokenised cross‑border payments
BIS’s Project Agorá pilot saw 28 institutions settle real‑value tokenised payments worth CHF 800 k in 80‑second average times; Lloyds completed three multi‑currency tokenised deposit transactions, showcasing a

Sources

asianbankingandfinance.net · bitcoinethereumnews.com · bittimes.net · blockcast.it · blockchainreporter.net · blockchainseoul.kr · blockmedia.co.kr · blockzeit.com · businesstoday.me · cahighways.org · cloud.watch.impress.co.jp · coin-turk.com · coinpost.jp · cointelegraph.com · cointrust.com · crypto-times.jp · crypto.news · cryptoast.fr · cryptobreaking.com · cryptobriefing.com · detlionblood32.wordpress.com · economymiddleeast.com · ethnews.com · eurweb.com · financialit.net · fintechnews.sg · forkast.news · fxnewsgroup.com · gulfnews.com · it-boltwise.de · letsmoney.com.br · ltvnews.net · mobile.valor.com.br · neweconomy.jp · news.m.pchome.com.tw · newsable.asianetnews.com · newsbit.nl · newsbtc.com · phocapblockchain.net · pymnts.com · seudinheiro.com · techxeber.az · tokenpost.com · tokenpost.kr · tronweekly.com · uktech.news · valor.globo.com · world-today-news.com

This summary has been updated 15 times: see revision history