HSBC, Standard Chartered execute first live banking transaction on Swift’s 24/7 ledger
60-second summary
The cross-border transaction is Swift’s first in a pilot project as it tests settlement in its push to remain relevant as stablecoins and tokenized deposits become widely used worldwide.
The cross-border transaction is Swift’s first in a pilot project as it tests settlement in its push to remain relevant as stablecoins and tokenized deposits become widely used worldwide.