DBS, Citi say they completed first weekend USD payment between Singapore and US via tokenized deposits

60-second summary

DBS and Citi complete the first weekend cross‑border USD settlement between Singapore and the United States using tokenized deposits, processing the transaction outside traditional banking hours. The pilot demonstrates that blockchain‑based settlement can operate 24/7, reducing latency and operational costs. If widely adopted, this could accelerate tokenized‑asset liquidity, pressure legacy systems and reshape global payment infrastructure.