The post says major banks tested tokenized payment rails that cut settlement times from days to 80 seconds, highlighting how blockchain-based infrastructure may streamline legacy cross-border transfers.
JPMorgan, Citi, UBS and other banks completed a tokenized cross-border payments trial that the post says reduced settlement times from days to 80 seconds. The claim points to tokenized payment rails as a way to speed up cross-border transfers, an area where traditional banking infrastructure often involves delays tied to intermediaries, cut-off times and reconciliation. The post offers no further details on the trial structure, participating entities beyond the banks named, the network used or the scope of the results.