DBS, OCBC and UOB Complete First Singapore Dollar Tokenized Deposit Payment on Swift Ledger

DBS, OCBC and UOB have completed a local Singapore dollar tokenized deposit payment on the Swift blockchain ledger, marking the first interbank tokenized deposit transaction among the three institutions. According to Odaily, the banks had previously completed cross-border transactions on Swift Ledger. After local interoperability was established, corporate clients can complete tokenized payments across institutions.