SWIFT completes first live interbank transaction on its blockchain
SWIFT has processed its first real interbank transaction on its blockchain, with HSBC and Standard Chartered testing tokenized deposit settlement and netting.
SWIFT has carried out its first live interbank transaction on its own blockchain infrastructure.
HSBC and Standard Chartered took part in the test, using tokenized deposits. The system matched the banks' liabilities and performed mutual netting before final settlement.
The move highlights growing experimentation with blockchain-based settlement among major financial institutions.
Source: ForkLog