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Evidence record

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

Read the item · published 2026-10-05

Evidence

Confidence
Medium The institution’s own statement; quote string-matched. Proves what the institution says, not independent confirmation.
Quote verified
2026-11-01 11:54 UTC
Archived snapshot
SHA-256 fed38bff87f40ea1318037f8291c30f58c51f3f86f0f99ef2bfcf784c5d9a578 · fetched 2026-11-01 · Wayback Machine copy ↗
Source type
Official institutional Mashreq ↗
Saved excerpt around the quote (source text, 2026-11-01)
… Mashreq NEO CORP Other Banking Services Mashreq E-Trade Mashreq FI Online UAE Announcement 05/10/2026 Mashreq collaborates with Citi and Swift to advance always-on cross-border payments using Swift's blockchain infrastructure Share News Dubai, UAE: Mashreq, a leading financial institution in the MENA region, has successfully completed a live transaction with Citi using Swift's blockchain ledger infrastructure, marking an important step in the evolution of always-on cross-border payments. The initiative uses bank-issued tokenized deposits to explore faster, cross-border payment capabilities. By connecting tokenized deposits with Swift's trusted financial messaging infrastructure, the initiative is designed to reduce friction in inter …
Change log (1)
  1. 2026-11-01 Published

Verified quotes

  • “Mashreq, a leading financial institution in the MENA region, has successfully completed a live transaction with Citi using Swift’s blockchain ledger infrastructure, marking an important step in the evolution of always-on cross-border payments.”
  • “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.”
  • “The Minimum Viable Product (MVP) phase of the ledger is focused on demonstrating 24/7 real-time cross-border payments.”
  • “Together with Mashreq and Swift, we are demonstrating that always-on, interoperable cross-border payments are already a reality.”

String-matched against https://www.mashreq.com/en/uae/news/2026/october/mashreq-citi-swift/ by our verifier before every deploy.

AI-drafted from the primary source; quote string-matched against the live source page · AI-assisted