A Citi announcement republished by Finextra says Citi completed live U.S.-dollar transactions with First Abu Dhabi Bank and OCBC on Swift's blockchain-based ledger, covering the Middle East and Southeast Asia. Citi expects DBS and UOB to conduct similar transactions later in September. The controlled proof of concept runs from July through December 2026 and uses tokenized deposits for instant payment commitment while retaining existing settlement models, including RTGS, for final settlement.
OVERVIEW
Business and market identity
Treasury and trade · Cross-border rails · FX
- Company type
- Public company
- Payment role
- cross border payment platform
- Source coverage
- 8 traceable endpoints
- Valuation basis
- NYSE · C (live market cap not cached)
- US website
- Open site ↗