Swift blockchain-based ledger has enabled UOB and HSBC to complete live cross-border transactions in Hong Kong dollars.
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Publisher name
Public post
Industry collaboration continues to translate into live transactions. UOB and HSBC have completed live cross-border transactions in Hong Kong dollars on Swift's blockcha…
Company
Swift
We're on a mission to make international transactions instant, frictionless and interoperable.
- Industry
- Financial Services
- Location
- La Hulpe, BE
- Company size
- 5,001–10,000 employees
About Swift
Swift is a global member-owned cooperative and the world’s leading provider of secure financial messaging services. We provide our community with a platform for messaging and standards for communicating, and we offer products and services to facilitate access and integration, identification, analysis and regulatory compliance. Our messaging platform, products and services connect more than 11,000 banking and securities organisations, market infrastructures and corporate customers in more than 200 countries and territories. Swift also brings the financial community together – at global, regional and local levels – to shape market practice, define standards and debate issues of mutual interest or concern. For more information, visit www.swift.com or follow us on Twitter: @swiftcommunity
See moreLatest activity
Latest activity from Swift
10 signals
Presence & Recognition
Swift participated in a Joint Payment Roundtable hosted by Banco de México with Swift customers to explore G20 priorities and payments evolution in Mexico.
Presence & Recognition
Swift hosted a meeting with Deputy Governor Galia Borja of Banco de México on the future of finance and payments in Mexico.
Research & Knowledge
Swift published a new Working Paper with Marcello Miccoli, Philip Montalvao, Jeanne Verrier, and Andrew Usher asking whether capital controls on inflows prevent crises and delay cross-border payments.
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Customers & Market
FinanceFeeds
FinanceFeeds reports that DBS Bank and Citi completed the first weekend tokenized cross-border payment between Singapore and the US using tokenized bank deposits and Swift's Digital Ledger.
Customers & Market
First Abu Dhabi Bank (FAB)
First Abu Dhabi Bank (FAB) successfully completed live USD transactions at scale as part of Swift’s Ledger Minimum Viable Product (MVP) using tokenised deposits and Swift smart contract settlements.
Products & Services
The Financial Club
The Financial Club reported that Citi completed its first live transactions on Swift's blockchain ledger with FAB and OCBC for 24/7 cross-border USD payments outside traditional settlement windows.
Partnerships
Standard Chartered
Standard Chartered implemented the first live cross-border transaction on Swift's blockchain-based ledger in partnership with HSBC.
Customers & Market
CoinBridge