DEPLOYMENT · APAC
DBS and Citi settle first weekend cross-border payment on SWIFT Ledger
DBS and Citibank completed a weekend cross-border payment on SWIFT Ledger, demonstrating 24/7 settlement capability. This proof-of-concept shows blockchain-based infrastructure for near-real-time FX and remittance flows.
WHY IT MATTERS
Weekend settlement breaks traditional T+2 cycles; enables operational cost cuts for FX desks and opens new revenue via faster remittance corridors—critical for APAC fintech competition.
Source: KuCoin · 2026-09-07