DBS and Citi complete cross-border tokenized deposit payment on a weekend
- —The Singapore–US payment went through on September 5 in minutes on a Saturday via Swift Digital Ledger
- —Standard cross-border transfers take up to two business days
- —Fedwire does not operate on weekends, so banks need prefunding or liquidity buffers
- —The dollar is involved in 89.2% of global FX transactions
Why it matters: Tokenized deposits could enable round-the-clock payments, but require solving final settlement and weekend liquidity issues.
Source: crypto.news