DEPLOYMENT · GLOBAL
HSBC and Standard Chartered execute first live tokenised deposit on Swift blockchain ledger
Two major banks completed the first live transaction for tokenised deposits on Swift's new blockchain-based settlement infrastructure, marking production readiness for digital asset settlement at scale.
WHY IT MATTERS
Demonstrates viability of tokenised securities and deposits in real cross-border workflows; signals that tier-1 banks are moving past pilots, validating the shift from traditional rails to blockchain settlement.
Source: Finextra · 2026-08-19