Singapore's First Local Tokenized Deposit Payment Completed, with DBS, OCBC, and UOB Participating

Odaily News: DBS Bank, OCBC Bank, and UOB have completed a Singapore dollar local tokenized deposit payment on the Swift blockchain ledger, marking the first interbank tokenized deposit transaction among the three institutions.

The three banks had previously completed cross-border transactions on the Swift Ledger. Following local interoperability, corporate clients can now complete tokenized payments across institutions.