Market infrastructure · Global
Swift
2 verified items · Official site: www.swift.com ↗
Appears in: Banks issuing tokenized deposits & stablecoins
Adoption status
- 2026-07-08In developmentTokenized depositsShared ledger ready for initial use; banks preparing to pilot tokenised-deposit cross-border payments
Coverage
- T2Bank / FMIAPAC
HSBC and Standard Chartered execute first live tokenised deposit transaction on Swift's blockchain
HSBC and Standard Chartered completed the first live cross-border bank-to-bank tokenised deposit transaction on Swift's blockchain-based ledger, with obligations recorded on HSBC's Tokenised Deposit Service and Standard Chartered's tokenised-deposit infrastructure. HSBC said its Tokenised Deposit Service is live in six markets.
HSBC - T2Bank / FMIGlobal
Swift's blockchain ledger ready for initial use as 17 banks prepare tokenised cross-border payments
Swift said its blockchain-based shared ledger is ready for initial use, with 17 banks preparing to pilot cross-border payments using bank-issued tokenised deposits. The ledger lets banks move funds for customers, including overnight and at weekends, before completing final settlement through existing systems.
Swift