Citi, DBS Send Tokenized USD in Minutes as TradFi Rails Sleep

Crypto Insight Summary: On Sept. 6, two major multinational banking and financial services corporations, DBS and Citi, announced the firms completed a USD payment between Singapore and the U.S. over the weekend, leveraging tokenized deposits via the Swift Digital Ledger. Citi and DBS Put Swift’s 24/7 Digital Ledger to the Test During Weekend Hours The blockchain technology used, […] Crypto Insight Analysis: Direction: Bullish SWIFT Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: SWIFT's blockchain integration shows progress in TradFi adoption, boosting its long-term relevance.