UOB, DBS and OCBC execute live SGD tokenized-deposit transactions on Swift ledger

Reuters2026/09/11 08:31

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UOB joined DBS, OCBC, Swift to complete live domestic SGD interbank transactions using tokenized deposits on Swift’s blockchain-based ledger.
Milestone marks the first live interbank tokenized-deposit transactions involving Singapore’s three local banks, targeting always-on domestic payments.
Swift’s ledger matched, netted payment obligations between banks before final settlement through existing systems, extending transactions beyond traditional processing windows.
UOB cited expansion from Hong Kong dollar to SGD, US dollar live transactions beyond banking hours, positioning for faster cross-market, cross-currency fund movement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UOB - United Overseas Bank Ltd. published the original content used to generate this news brief on September 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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UOB, DBS and OCBC execute live SGD tokenized-deposit transactions on Swift ledger

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