Citi

DTCC Tokenization Service goes live: DTC-custodied securities can be minted as tokens; 20 participants including major banks signed up

The Depository Trust Company (DTC), a DTCC subsidiary, launched the DTCC Tokenization Service (DTS) on 28 October 2026, letting eligible users mint tokenized representations of securities held at DTC that can be converted between traditional and tokenized forms and delivered to their digital wallets, with the tokens retaining the ownership rights, investor protections and economic entitlements of the underlying securities. DTCC said 20 DTC Participants have signed agreements to access DTS, including Barclays, Bank of America, BNP Paribas, Brown Brothers Harriman, Citi, J.P. Morgan, Morgan Stanley, State Street and UBS, and that the service is integrated with the Canton Network and DTCC’s private Besu network, with additional blockchain networks to be added in 2027. The launch follows a December 2025 no-action letter from the U.S. Securities and Exchange Commission authorizing tokenization of Russell 1000 constituents, ETFs tracking major indices and U.S. Treasury securities.

DTCC

OCBC launches a 24/7 tokenised deposit solution with Ant International for treasury transfers between Singapore and Malaysia

OCBC said on 7 October 2026 that it has become the first bank to collaborate with Ant International on a tokenised deposit solution for always-on treasury management and liquidity movement between Singapore and Malaysia. To start, Ant International can mobilise SGD- and USD-denominated tokenised deposits on a 24/7 basis for near real-time settlement of treasury transactions between its entities; the solution is powered by OCBC's blockchain capabilities and delivered through Ant International's WhaleRTP platform. OCBC said the launch builds on its September 2026 cross-border US dollar tokenised deposit transaction with Citibank on Swift's ledger.

OCBC

Mashreq completes live tokenised deposit transaction with Citi on Swift's blockchain ledger

Mashreq said on 5 October 2026 that it has completed a live transaction with Citi using Swift's blockchain ledger infrastructure, an initiative that uses bank-issued tokenized deposits to explore faster cross-border payment capabilities. The release says the ledger was designed by more than 40 financial institutions, with 17 banks piloting it for tokenised deposit transactions since Swift announced it was ready for use in July 2026, and that its Minimum Viable Product (MVP) phase is focused on demonstrating 24/7 real-time cross-border payments.

Mashreq