BNP Paribas and HSBC complete first corporate treasury transaction on Swift's blockchain ledger
What's happening
BNP Paribas and HSBC completed the first corporate treasury transaction on Swift's blockchain ledger, using tokenised deposits to settle a corporate treasury flow. This follows recent live tests on the Swift Digital Ledger where Citi and DBS executed the first Singapore-to-U.S. weekend US dollar payment (Sept. 5) and Citi processed live ledger transactions with First Abu Dhabi Bank and OCBC. The BNP Paribas and HSBC deal extends Swift ledger use from interbank and weekend tests to a corporate treasury use case.
Why it's trending
Banks are moving from pilot tests to real-world use cases, showing the Swift Digital Ledger can handle tokenised-deposit settlement for corporate treasury needs now.
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BNP Paribas and HSBC just ran the first corporate treasury payment on Swift's blockchain ledger, here's what changed for treasurers today:
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Original sources13
- Swift Tests Cross-Border Transaction Outside Banking Hours
Citi and Singaporean bank DBS completed a transaction via the Swift network to demonstrate that the new rails can operate 24/7. The transaction used tokenized deposits and took just minutes to complete. The test points to a broader shift in how money could move around the global financial system. Companies increasingly operate across time zones […] The post Swift Tests Cross-Border Transacti
PaymentsJournalSep 8 - DBS and Citi seek to unlock weekend capital with tokenised deposit settlement
DBS and Citi have completed the first tokenised deposit on Swift’s blockchain ledger on a Saturday, unearthing new liquidity and settlement use cases. Citi and DBS settled the first cross-border tokenised deposit transaction on a weekend on Swift’s blockchain-based ledger. On Saturday, 5 September 2026, the first US dollar payment between Singapore and the US […]
Payment ExpertSep 8 - Citi becomes first US bank to process live Swift ledger transactions
Citi has become the first US bank to process live transactions on Swift’s blockchain-based ledger, as banks test whether shared infrastructure can support always-on, cross-border payments and improve liquidity management. The transactions were completed with First Abu Dhabi Bank (FAB) and Oversea-Chinese Banking Corporation (OCBC), marking the first transactions on Swift’s ledger in the Middle [&#
FinTech GlobalSep 8
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