TREE NEWS reports: SWIFT, which routes about $5 trillion daily for cross-border settlements, has launched a blockchain ledger and completed its first real-time transaction with HSBC and Standard Chartered, cutting settlement time to seconds. This move responds to competition from stablecoins and tokenized deposits, with BNY and Citi projecting the tokenized cash and securities markets to reach $3.7 trillion and $5.5 trillion by 2030, respectively.
SWIFT Blockchain Ledger Completes First Real-Time Transaction
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