Evidence record
DBS, OCBC and UOB complete first live Singapore dollar tokenised deposit transactions on Swift's ledger
Read the item · published 2026-09-10
Evidence
- Confidence
- Medium The institution’s own statement; quote string-matched. Proves what the institution says, not independent confirmation.
- Quote verified
- 2026-10-31 20:45 UTC
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eb849c864aca90e2c0db0e93680bfd0e1be366b39bee5aee61b5a83110b0a64a· fetched 2026-10-30 · Wayback Machine copy ↗ - Source type
- Official institutional OCBC ↗
… blockchain-enabled SGD transactions on Swift's ledger 10 Sep 2026 Singapore, 10 September 2026 – DBS, OCBC and UOB have successfully completed live domestic Singapore dollar transactions using tokenised deposits on Swift's blockchain-based ledger. This marks a significant milestone for Singapore's banking industry and the first time the three Singapore banks have executed live interbank transactions using tokenised deposits. The collaboration demonstrates how banks can work together to advance next-generation payment infrastructure. It also provides insights into how shared-ledger technology could support round-the-clock interbank payments beyond traditional processing …
Change log (1)
- 2026-10-30 Published
Verified quotes
“This marks a significant milestone for Singapore’s banking industry and the first time the three Singapore banks have executed live interbank transactions using tokenised deposits.”
“The transactions follow Swift’s July 2026 announcement that its blockchain-based ledger was ready for initial use, with 17 banks across six continents preparing to conduct live transactions using tokenised deposits.”
“Our pilots prove that with tokenised deposits, clients can transact USD and SGD payments any time, any day, including over a weekend.”
“By connecting tokenised deposit ecosystems across banks, Swift’s ledger addresses a critical barrier to the adoption of digital money, laying the foundation for more efficient, interoperable payment networks.”
String-matched against https://www.ocbc.com/group/media/release/2026/dbs-ocbc-uob-complete-first-live-blockchain-enabled-sgd-transactions.page by our verifier before every deploy.
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