ANZ, Citi and BHP Test Tokenized Cross-Border Payments
- —The payment moved US dollars between Melbourne and New York
- —BHP used its existing ANZ account and banking channel unchanged
- —Swift's ledger served as the interoperability layer between banks
- —Tokenized deposits from separate banks interacted via shared infrastructure
Why it matters: The test shows tokenized deposits could enable faster, potentially always-on cross-border settlement without forcing corporate clients to change how they access banking services.
Source: CoinTrust