The Paypers reports that Standard Chartered and HSBC completed the first live cross-border tokenised-deposit transaction on Swift's blockchain-based ledger. Payment messages moved over the Swift ledger, obligations were recorded on each bank's separate tokenised-deposit system, and Swift matched and netted those obligations before final settlement through existing settlement systems.
OVERVIEW
Business and market identity
Streamline your banking with tools and products tailored to your business needs. International solutions for payment FX, hedging and currency risk management.
- Company type
- Public company
- Payment role
- cross border payment platform
- Source coverage
- 7 traceable endpoints
- Valuation basis
- LSE / NYSE · HSBA / HSBC (live market cap not cached)
- US website
- Open site ↗
