Citi partners with FAB, OCBC for live payments pilot on Swift blockchain ledger

Reuters2026/09/02 19:45

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Citigroup teamed with Swift, First Abu Dhabi Bank, OCBC to run live USD transactions on Swift’s blockchain-based ledger.
Move targets always-on, cross-border payments using tokenized deposits, aiming to cut cut-off constraints, speed beneficiary credit, improve liquidity efficiency.
Pilot phase runs from July to December 2026; similar transactions planned later this month with DBS, UOB.
Effort aligns with Citi Services’ digital-asset push across payments, securities, collateral; Citi Token Services processes about USD 1 billion in transactions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Citigroup Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202609021545BIZWIRE_USPR_____20260901_BW868737) on September 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Citi partners with FAB, OCBC for live payments pilot on Swift blockchain ledger

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