HSBC, Standard Chartered make first live tokenized deposit tranfer via Swift blockchain

HSBC and Standard Chartered have announced the inaugural live tokenized deposit transaction using Swift’s blockchain-based ledger. Currently the vast majority of tokenized deposits are executed on single bank blockchains and hence only support transactions between customers of the same bank. Swift is enabling interoperability between these silos, using its blockchain to support 24/7 DLT-based…