HSBC and Standard Chartered have announced the first live tokenized deposit transaction executed via Swift's blockchain-based ledger. Currently, most tokenized deposits run on single-bank blockchains, restricting transactions to customers of the same bank. Swift is using its blockchain to enable interoperability between these silos, supporting 24/7 DLT-based transactions across banks.
This item was indexed from its published source and tied to the entity records it names. The Counterparty reports what the market says and who it says it about; it does not rewrite the original report. Read the source for the full account.