Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

DBS and Citi Smash Cross-Border Payment Times with Tokenized Deposits

Guavy AI Editorial Team
Share

DBS and Citi have made history by remitting US dollars from Singapore to New York in minutes, using tokenized deposits over Swift's Digital Ledger. This achievement marks a significant milestone in reducing cross-border payment times.

The transaction was settled on September 5th, which is a weekend, showcasing that always-on cross-border payments are now a reality.

DBS projects that Asia payments will hit $24 trillion by 2033, with half of finance leaders eyeing blockchain tools for liquidity and currency-risk management. This move is targeted at institutions operating across jurisdictions where faster settlement means suppliers and customers get quicker access to funds.

More on Crypto

Crypto 3m ago

ZKsync Bolsters EraVM Security Before Scheduled Retirement

Crypto 5m ago

Young Scammers' Wild Spending Spree Ends with Arrests

Crypto 5m ago

Hackers Steal $320M Worth of Bitcoin from Liquid Network, Retain Bounty

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy