Swift connected HSBC and Standard Chartered’s tokenized deposit systems, while existing banking rails completed the final settlement.

Swift has linked the tokenized deposit systems of HSBC and Standard Chartered, utilizing existing banking rails to finalize the settlement.

Swift links HSBC and StanChart tokenized deposits

<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/cross-border-transaction-stablecoin-swift.jpg" alt="StanChart, HSBC execute first live transaction on Swift blockchain ledger" class="type:primaryImage"></p><p>The transaction connected the banks’ separate tokenized deposit systems through Swift’s ledger, marking a step toward interoperable, 24/7 cross-border payments. </p>

StanChart and HSBC have completed their first live transaction using Swift's blockchain ledger, successfully connecting their separate tokenized deposit systems. This milestone represents progress towards achieving interoperable, 24/7 cross-border payments.

StanChart, HSBC execute first live transaction on Swift blockchain ledger

The cross-border transaction is Swift’s first in a pilot project as it tests settlement in its push to remain relevant as stablecoins and tokenized deposits become widely used worldwide.

HSBC and Standard Chartered have completed the first live banking transaction on Swift’s 24/7 ledger, marking a significant step in a pilot project aimed at testing settlement processes as the use of stablecoins and tokenized deposits grows globally.

HSBC, Standard Chartered execute first live banking transaction on Swift’s 24/7 ledger

نجحت HSBC وستاندرد تشارترد في تنفيذ أول معاملة حية باستخدام دفتر أستاذ سويفت البلوكتشين، مما يربط أنظمة الودائع المرمزة الخاصة بهم. يمثل هذا الإنجاز تقدمًا كبيرًا نحو تحقيق المدفوعات عبر الحدود القابلة للتشغيل البيني على مدار الساعة طوال أيام الأسبوع مع تزايد اعتماد الصناعة المالية على العملات المستقرة والودائع المرمزة.

HSBC y Standard Chartered han ejecutado con éxito su primera transacción en vivo utilizando el libro mayor blockchain de Swift, conectando sus sistemas de depósitos tokenizados. Este hito marca un progreso significativo hacia la consecución de pagos transfronterizos interoperables 24/7 a medida que la industria financiera adopta cada vez más stablecoins y depósitos tokenizados.

HSBC et Standard Chartered ont réussi à exécuter leur première transaction en direct en utilisant le registre blockchain de Swift, connectant leurs systèmes de dépôts tokenisés. Ce jalon marque un progrès significatif vers l'atteinte de paiements transfrontaliers interopérables 24/7 alors que l'industrie financière adopte de plus en plus les stablecoins et les dépôts tokenisés.