Citi and DBS Test Weekend Tokenized Swift Transfers

Traditional banking hours might soon become a thing of the past for big financial institutions. Citi and DBS just completed their very first tokenized cross border transfer over the weekend. They used Swift and its blockchain based ledger to make the transaction happen outside of standard banking hours.

This test shows how traditional finance is slowly adopting blockchain tools to speed up international payments. By using tokenized deposits, banks can avoid the usual delays that happen on weekends and holidays when legacy settlement systems are closed.

Traders and market watchers should keep an eye on how traditional banks adopt blockchain technology. As more institutions test these systems, the speed of global money movement could change in a big way over the next few years.