DBS, Citi complete weekend U.S. dollar payment via Swift Digital Ledger

  • DBS and Citi's New York office completed one live U.S. dollar payment.
  • 5 September 2026, DBS and Citi used tokenized deposits through the Swift Digital Ledger.
  • DBS said payment took minutes and announced no customer rollout.

DBS and Citi's New York office completed one live U.S. dollar payment between Singapore and the United States on September 5, using tokenized deposits through the Swift Digital Ledger. DBS announced the weekend transaction on September 7, 2026, saying it took minutes compared with up to two business days for conventional cross-border payments. The disclosure confirms a completed live interbank transfer, not a customer-facing service or broader commercial rollout. DBS did not disclose the payment amount, exact completion time, transaction identifiers or the timing of final interbank settlement. DBS is the only Asian-headquartered bank in Swift's 12-bank digital ledger core design group. Ledger Insights has reported that the ledger coordinates payment instructions and commitments between bank ledgers, with obligations settled later through conventional methods.

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