EconomyWall Street is building tokenized deposits to lock in customer balances
Banks are developing tokenized deposits to make cross-border business payments faster and keep customers’ funds within their systems. DBS and Citi’s New York office reportedly completed a dollar payment between Singapore and the United States in minutes on Sept. 5 using SWIFT’s digital ledger. The approach could reduce costly prefunding, while helping banks protect currency-conversion and lending fees.
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CryptoSlate★★☆☆☆2026-09-12 10:30Original
Wall Street is building tokenized deposits to lock in customer balances
Economy