DBS and Citi execute weekend USD transfer via Swift blockchain ledger

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DBS Bank and Citi have successfully completed a US dollar payment over a weekend using Swift's Digital Ledger Technology with tokenized deposits. The transaction marks the second confirmed live use of Swift's blockchain-based payment infrastructure. The milestone is significant as it demonstrates the ability to process settlements outside traditional banking hours. Swift is pushing to prove its relevance as competition grows from digital payment networks that operate around the clock.

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